Profitable, Fast Growing Artisan Gift Shop

Description

Artisan gift shop for sale in a Massachusetts town center. The business opened in 2013 and sells a curated mix of jewelry, home goods, clothing, vintage items and specialty gifts.

Financials

• Annual revenue: approximately $1,274,000
• Seller's Discretionary Earnings: approximately $163,000
• EBITDA: approximately $159,000
• Seller reports sales growth of approximately 17% since 2023
• Seller reports net income growth of approximately 58% over the same period

Buyers should review the underlying financial statements to confirm the periods used for the growth calculations and reconcile the reported SDE and EBITDA adjustments.

Store

• Approximately 3,200 sq. ft.
• Town center retail location
• Established local and regional customer base
• Experienced staff in place
• Existing vendor and artisan relationships

Product mix

• Artisan goods
• Jewelry
• Home accessories
• Clothing
• Vintage merchandise
• Specialty gifts

The broad merchandise mix allows the store to serve several customer groups and seasonal buying occasions.

Operations

The business has been operating for more than a decade and is supported by long-tenured staff who handle routine retail operations and customer service.

Growth

• Expand online sales
• Increase regional marketing
• Add additional artisan and private-label products
• Develop corporate and event gifting
• Increase seasonal and holiday merchandising
• Build additional partnerships with local makers

Due diligence

Buyers should verify historical financials, recent growth rates, inventory value and aging, gross margins by category, lease terms, employee compensation, vendor agreements, online sales, customer deposits and the exact inventory and fixtures included in the transaction before closing.