Business Description
25 year old Profitable Business located on thriving, internationally popular River Street in Savannah, Georgia. Located at the sight of multimillion dollar renovations, business could be even MORE profitable in the near future. With over 6 million tourists in Savannah yearly, this fun, eccentric T-shirt and gift boutique is bound to boom with your ownership. The current owner, a manufacturing representative of T-shirts, utilizes this tourist retail store to showcase a unique line of pirate themed souvenirs, and offering both beer by the drink and specialty cigars. This business has prospered through all sales and economic cycles over the past 25 years.
About the Business
Year Established:
1988
Number of Employees:
4
Facilities:
1500 SQ FT on one of THE busiest tourist streets in the SE USA at a great rate with negotiable renewal. This store has provided the seller a very good living for 25 years and helped him to start another business as well. Part of the value of this business is attributed to the competitive rent contract.
Market Outlook/Competition:
New revitalization and major aesthetic improvements (a new park, hotel, and property purchases by major companies) makes this an ideal location for capturing both tourist and local interest. Due to the unique novelty items and "hot off the press" souvenir items, this store has always been a forerunner in attracting patrons. There is an additional business opportunity license to operate a Trademarked Pirate them retail business. This is a business within a business. A $5,000 licensing fee includes the rights to use the logo and from arrayed decor options, several different design themes are available to enhance and set the mood for Pirate Bounty! The license fee also includes first in line privileges to new merchandise lines from 8 to 10 different manufacturers.
About the Sale
Reason For Selling:
The seller has had another business interest, has been pursuing it for sev yrs
Training/Support:
The seller agrees to provide support to the buyer during the transition as agreed upon in writing at closing
Seller Financing:
30% owner financing available
LISTING KEYWORDS: gift, tourist, retail, Savannah, boutique, unique, eccentric, beer, cigar, foot traffic, River Street, River St., shirts, tee shirt, T shirt, local
