Profitable Kitchenware Business with Growth Potential

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Asking Price:
$549,000

Gross Revenue:
$1,093,123
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$180,000
not included in asking price

FF&E:
$33,535
included in asking price

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Business Description

Profitable culinary oasis with long-term established customer base is independently owned and offers hand selected products for both professional and home cooks alike. The business is supported by a loyal and an increasing customer base of a growing population, in addition to Central Oregon's continuously increasing tourism. The owners are accepting offers from qualified buyers interested in a thriving business with national purchasing strength, impressive media & marketing exposure and plenty of parking.

Growth potential consists of: (1) cooking classes (these were offered in the past, were very successful and customers continue to ask for them) and (2) creating an online presence with an e-commerce platform.

The sales price of $549,000 includes $33,535 of FF&E. Inventory of approximately $180,000 at cost is extra and negotiable. Please respond describing your related business background, the type & size business you seek, your investment capability and your interest in this business. Before additional information and financials are released, the owners require a signed confidentiality agreement (Non-Disclosure Agreement). To print the form, please see Attachments.

About the Business

Year Established:
2007
Number of Employees:
1 FT + 3 PT
Real Estate:
Leased
Building Sq. Ft.:
2,226
Facilities:
The store consists of: 1st Floor (+/- 2,226 SF rentable) - mainly open concept with back storage, ADA vertical lift/elevator and ADA bathroom. 2nd Floor Loft (+/- 1,800 SF non-rentable): +/- 718 SF of open space with fully equipped demonstration kitchen overlooking the store, plus storage & small office space. 2nd floor loft space can also be used to display merchandise. Permitted Use: the retail sale of kitchenware, books & linens, cooking classes, wine tasting and as a minor ancillary portion of Tenant's business, the sale of food stuffs, wine & beer.
Market Outlook/
Competition:
This is the leading specialty, gourmet kitchenware store in Central Oregon, and is located in one of Bend’s premier shopping destination.
Growth & Expansion:
The demonstration & test kitchen in the loft with seating for 20 currently serves as a "lab" for testing products and has offered cooking classes in the past by chefs from Italy, Mexico and Cambodia, as well as nationally acclaimed food writers, educators & restaurateurs. A new owner can restart these classes to grow the business as there has been a demand from existing clients. Potential additional annual revenue of approx. $100,000 plus additional revenue from the sales of bottled wine and merchandise sold after classes. Another growth opportunity is for a new owner to create an online presence with an e-commerce platform while engaging shoppers with social media and cultivating online reviews and ratings.
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About the Sale

Reason For Selling:
Owners are retiring
Training/Support:
Owners are available to train and assist new owner with a smooth transition.
Seller Financing:
Potential seller financing for qualified buyers

Listing Info

ID:
1428202
Ad Detail Views:
170

Attached Files Attachment Disclaimer

  NDA (Non-Disclosure Agreement) (59 KB)
Download



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Business Listed by

Delia Feliciano

NAI Cascade

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