Imported Goods Shop, World Travel Opportunity
Location:
United States
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Tennessee
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Gatlinburg
Industry: Retail > Other Retail
Business Summary
The Business for Sale: For sale is a profitable retail store specializing in hand made gift items from around the world. The shop is located in a prime location in Gatlinburg, TN. The adjacent Great Smoky Mountains National Park, the most visited National Park in the United States now boasting over nine million visitors annually, has transformed Gatlinburg into a mountain resort destination, packed with Smoky Mountain lodging and accommodations of every sort, dozens of restaurants, and attractions galore! Gatlinburg only has about 4,000 permanent residents, but on any given day of the year you will find close to 100,000 people trying find parking spaces. The store is located directly across the main street from the large Convention Center in downtown Gatlinburg.
The business, and new complex in which it is located, has only been open for 18 months and grossed $205,000 in the last 12 months. Retail sales in the first July of operation were just under $25,000.
The 600 sq. feet of retail space comes with approx. $50,000 in retail product. Cost of product varies widely according to the area from which it is being imported, but a reasonable estimate of cost of goods for $200,000 in retail sales is about $33,000 per year. I will also provide all the knowledge and contacts for importing such goods.
Monthly expenses, including two full time employees who completely run the business, are approx. $9300 per month or $112,000 per year. The store currently has a 3.5 year lease. The present owner only travels to Gatlinburg to restock the inventory. The managers are local, honest, and hard working; allowing the owner to spend minimal time on site.
This is a ''step into'' opportunity, fully stocked and operational with dependable managers. June begins the heavy visitor season and the most profitable time of the year.
More info at WorldTravelOpportunity.com
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$166,000
Cash Flow:
$205,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $50,000
Seller Financing: No
About The Business
Year Established: 2006
Number of Employees: 1 - 3
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Full support and contacts provided.
Photos
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Click on the "I'm Interested" button above for more information on this Retail > Other Retail business for sale.
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Print Listing Id: 70086151
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