Card Store/Office & Art Supplies Business for Broker in New Haven County, Connecticut
Business: Card Store/Office & Art Supplies Business for Broker
County, State: New Haven County, Connecticut
Business Type: General Merchandise Store, Card Shop/Stationery Store, Business/Office Products
Summary Description
Office, school and art supplies store located in town since 1882. This Long Island Sound shoreline town is a combination residential and summer community, with a thriving town centre. Unique characteristics include tree lined streets that boast the third largest collection of historical homes in New England, dwellings from the 17th, 18th and 19th centuries. Business sells a wide variety of products including greeting cards, gifts, journals, photo albums, scrapbooks, fine writing paper, etc. Seller owns building and will offer favorable lease as well as 1st option to buy. Owners have run absentee for 30 years, affording them many luxuries over the years. OPPORTUNITY to grow business from an already strong base (over 123 years in town!!) by advertising (owner has done none), mailings (done none) - promoting the business. Any threats from the big-box chains have already been removed as the Staples, Wal-Marts, etc., have been around for several years.
About the Sale
Asking price: $125,000 (USD)
Total Revenues: $274,719 (USD)
Cash Flow: $43,843 (USD)
Financing: $125,000 down
Reason Selling: retiring
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.