Profitable Retail Business in Lake-Shore Resort Town!
Searching for a profitable retail business for sale? Established over 25 years ago, the Company is a profitable and respected member of the downtown retail community of a popular lake shore resort town in Western Michigan. The Company is known for its array of art glass, home accents, and for being one of the largest distributors for Root Candles. Ownership is pursuing a sale to transition into full retirement and eventually relocate.
An ideal candidate for this business would have have an outgoing and people-friendly personality, with prior retail experience being a plus. An individual with knowledge of eCommerce and online sales would see an immediate return as the online market demand is currently not being exploited by current ownership.
- The shop is one of the largest Root Candle distributors in the Midwest!
Financial Summary:
2014 Revenue: $282,757
2014 Gross Profit: $139,670 (49%)
2014 Seller’s Discretionary Earnings: $75,429 (27%)
Investment Highlights:
- Recession-Proof – The Company yields consistent financial returns no matter what is happening in the macro-economy. Its relative financial security is a result of the customer base and location; the store caters to clientele that have discretionary income and are typically visiting specifically to shop.
- Seasonal Business – The Company is busiest in the spring, summer, early fall and Christmas season. January through March are the off-season and allows for vacation time with little impact on the business. This is a great lifestyle business-for-sale opportunity!
- Company located close to busy marina.
- Strong Margins – Ownership has raised prices on numerous items during 2013 and found that the only effect was to raise profitability; the owner believes that prices could be further increased with no negative impact on sales.
- Excellent Reputation – Reviews online discuss how “stylish”, “trendy” and “affordable” the Company’s products are.
- Trusted Brand Name – The Company has been in the same location since 1987. The Company has built a base of loyal customers from all over Western Michigan, Indiana and Chicago that continue to return to the store every year. The Company has always operated honestly, treating customers and employees with respect and fairness.
Growth Opportunities:
- Ecommerce Shopping Cart – The Company maintains a website with pricing and product information, however does not allow customers to purchase or check out online. Dozens of relatively low-cost eCommerce shopping cart solutions, for example WooCommerce or 3dcart.com, exist, the implementation of which would undoubtedly lead to additional sales.
- Ebay or Amazon Stores – Many traditional brick and mortar retailers are finding new and lucrative sales opportunities using ebay.com and amazon.com to market and sell their products nationwide. These online platforms are growing at a blistering pace and offer retailers an excellent way to leverage existing distribution channels.
- Improving Economic Conditions – While the Company’s sales are more closely related to weather patterns than the economy, the US economy is unarguably improving. Many people who have not felt comfortable spending money will again start to open their wallets to shop and go on mini-vacations. The Company’s attractive lake shore geography is very well-positioned to take advantage of the next wave of “retail therapy”.
Interested parties must sign a non-disclosure agreement and demonstrate proof of financial capability before receiving additional information. Inquire today about this great retail business for sale in Michigan!
Sail boat mast image courtesy of BrianHolm at FreeDigitalPhotos.net.
