RUSTIC ADIRONDACK HOME FURNISHINGS Store
| Asking Price: | $925,000 | Inventory: | $200,000 ** |
| Gross Revenue: | $750,000 (comments below) | Real Estate: | $450,000 ++ |
| Cash Flow: | $100,000 (comments below) | FF&E: | $25,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Dependable, year-to-year | |||
| Cash Flow Comments: Exceeds six figures, much cash | |||
RAY BROOK FROG is a rustic retail store for high quality gifts and furniture sited in Ray Brook NY, on busy State Route 86, 4 miles west of Lake Placid, the Olympic Village and mid-way to Saranac Lake, NY, an " All American “ designated city, in the heart of upstate NY's Adirondack Mountains. Blessed with the twin virtues of “Location, location …” – heavy traffic and a busy “lobster picnic” restaurant across the street – as well as a premium and loyal clientele, The Frog sells rustic furniture, camp and household artifacts, pictures and decorations, glassware, and unique camp accessories that appeal to the seasonal and year-round residents of the area. See the website: www.raybrookfrog.com for an idea of the attractive and unique stock of this truly different and well-staffed and well-stocked retail store. It advertises heavily in Adirondack Life magazine and in local newspapers and publications. The Ray Brook Frog is a fun business that deals with nice people. Sales of $ 750,000 a year have consistently provided owner's cash flow exceeding six figures, due to gross profit margin of 35% and inventory carried at about $ 200,000. Price of $ 925,000 plus inventory offers a special opportunity in a resort but rustic area.
Highlights: · Well-established premium boutique for rustic Adirondack furnishings and decorative items ·Located in busy, high traffic, high visibility location ·Loyal and talented staff is congenial and kowledgeable for upscale clientele ·New owner can enjoy a wonderful lifestyle in a four-season vacation environment, with year-round sports, lake and mountain amenities · Consistent sales, moderate inventory and better than usual profitability
Highlights: · Well-established premium boutique for rustic Adirondack furnishings and decorative items ·Located in busy, high traffic, high visibility location ·Loyal and talented staff is congenial and kowledgeable for upscale clientele ·New owner can enjoy a wonderful lifestyle in a four-season vacation environment, with year-round sports, lake and mountain amenities · Consistent sales, moderate inventory and better than usual profitability
About the Business
Year Established:1980
Employees:3 full time - 2 part time
Facilities:The single story 3,900 square foot log building has a similarly sized lower basement storage space, and contains four connected well-illuminated retailing areas for display of their wide variety of goods. There is also a large, highly visible deck in front for showing outdoor Adirondack Chairs, tables and similar bulky patio and dock items. There is a central ”check out” counter with computer-supported cash register, etc. where the congenial staff greets those who come to shop and see the latest in quality interior decorations that befit a mountain holiday four-season situation. Heat is oil/hot air, there is a 200 amp electric service, and there is public water and septic. This classic and yet rustic retailer is sited on a .4-acre level lot with parking for 25+ cars, and easy access from the heavily traveled main highway where it has 150’ of frontage and good signage. Located in the community of Ray Brook, its neighbors include cabin motels, a busy restaurant, a home improvement center/lumberyard, a gas station, a Ford Dealer and the headquarters of the NY State Police, the Dept. of Environmental Conservation and the Adirondack Park Agency.
Market Outlook and Competition:Considering size, location on main road, nearness to tourist attraction and the world renouned Olympic Village of Lake Placid, parking and quaint rustic décor, this is a premium opportunity for retailing to local residents and visitor. Current owners have been successful in building a great business over the last decade, need time now with family, and can turn over an exciting and profitable opportunity to someone with new energy and imagination who can build increased sales and profits … or just enjoy a comfortable great income in a beautiful area of the mountains. There are few high visibiity high quality ware stores of Ray Brook Frog's quality.
About the Sale
Reason For Selling:Family growing up, and owner wishes to spend more time with them after devoting two decades to the business.
Seller Financing:Will be considered depending on backround of buyer for nominal amounts
KEYWORDS: rustic, adirondack, retail, outdoor furniture, tables, botique, resort area, Lake Placid, Saranac Lake, High Peaks, second homes
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