Historic Triangle VA -- Retail Thrift Shop

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Asking Price:
$149,000

Gross Revenue:
$24,000
Cash Flow:
$12,476
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$7,500
included in asking price

FF&E:
$1,850
included in asking price

Real Estate:
$135,000
included in asking price

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Business Description

Charming, Established, and Profitable. This retail Thrift Store is located in the heart of the Historic Triangle of Virginia where antiques, collectibles, and memorabilia of yester-year attract a steady and loyal following of buyers. The business owns all of its inventory (no consignment goods are ever offered) and has built an established, well known and respected brand name in the community. The owner has nurtured and developed a merchandise supply chain that insures the inventory stays fresh and appealing -- from practical housewares to boutique items and decor, including jewelry, collectibles, vintage items and much more. There is literally something for everyone in the family in this fun, interesting and pleasant shopping space. The inventory is included in the asking price but is completely at the buyer's option -- so the price will be adjusted downward if the buyer does not want to purchase.

About the Business

Year Established:
2012
Number of Employees:
1 FT
Real Estate:
Owned
Building Sq. Ft.:
1,125
Facilities:
The standalone 1,125 sq. ft building is located in the heart of Historic Virginia, in a perfect location for a thrift retail business (or many other business possibilities from a professional practice, computer repair shop, or a used vehicle business). The building has been restored to service this current operation, but it has served many purposes over its 118 year life. Leasehold improvements of $11,700 have made this historic space look and feel all new again. The building is situated on a side street approximately 50' from a busy traffic corridor which carries daily commuters and locals. There is a self-contained parking lot which could hold around 10 vehicles. The Real Estate in this offer carries a significant portion of the value and could be tailored to any business offering an entrepreneur could imagine.
Market Outlook/
Competition:
The retail Thrift Store market in this location is relatively competition free with next consignment/type thrift offerings about a 15-20 minute drive away. The very nature and lifeblood of this business is unique, one of a kind merchandise which makes inventory selection critical and competitive factors less important.
Growth & Expansion:
There are a few significant growth opportunities available:
1. Longer operating hours -- currently business only open 4 days
2. Additional marketing resource investment to neighboring town audience
3. Inventory adjustments to include greater mix of furniture or higher end items
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About the Sale

Reason For Selling:
Seller wants to retire to pursue personal interests.
Training/Support:
Will train for 4 weeks @ $0 cost.
No special requirements or skills are needed except for a business license and the ability to locate and stock desirable merchandise and service the buying public.

Listing Info

ID:
1565501
Ad Detail Views:
71

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Business Listed by

Hal Feder

Murphy Business & Financial Corporation
License# 0225228259

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Sponsoring Broker:

Frank Chebalo, CBI, ABI, CMSBB, CBC
Murphy Business & Financial Corporation

U.S. Census Data for James City County, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for James City County, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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