Well Established Retail Store in Waterfront Community For Sale

Business description

This store has been operating in the same location for the past 25 years. We specialize in scandinavian decor, gifts and jewelry.If you have scandinavian ancestory this would be a great fit!
The waterfront community of Gig Harbor, Washington is a destination for day trips as well as longer vacations,the store is in the waterfront retail area of boutique stores. The median incomes for the immediate and surrounding areas are some of the highest in Washington(high end lifestyle shopping center approx. 1 mile away).
Current owner has updated the store and product and increased sales - $128K for 2007, with room to grow.

Property information

Real Estate:

Lease

Lease terms:

The store has operated 25 years at the same spot on a year to year lease. Current rent is $740.00 p/m and includes some utilities. The lease makes it easy to stay at this spot or move to a new one to expand the store.

Location:

Gig Harbor Washington is one of the best known waterfront towns south of Seattle.
The store is in the waterfront area of boutique stores and gets many "boat in" visitors during the summer since the marina is only a 5 minute walk from the store.

Other information

Expansion potential:

We have been adding a selection of packaged scandinavian food products which has shown great returns. We have also started scandinavian cooking and craft/art classes which has great room for growth. We sell at a few scandinavian fairs but there are more yet we could be involed in. Expand on these along with increased connections to the scandinavian social clubs allow for great expansion possibilities.

Competition / Market:

There is one other scandinavian store in the immediate area but is run out of a residence and not open as we are.

Support & training:

Seller will provide on site training for 2-4 weeks, to be determined at sale.

Reasons for selling:

Husband retired and want to travel more.

Trading hours:

10 am - 5pm

Financing available:

Cash or Bank financing, asking price $50,000.00 plus inventory of $48,000 -78,000.00

Furniture / Fixtures value:

$20,000 (included in the asking price)

Inventory / Stock value:

$78,000

Website:

www.strictlyscandinavian.com