Business Summary:
Price reduced to $399,000 plus inventory! Inventory is worth at least $100,000. Seller is willing to give the inventory away at a discounted cost of $50,000!Take advantage of the Summer Sales! Extremely High Tourism in Gatlinburg during the Summer!Yearly net sales are currently over $290,000! Net profit is over $150,000 per year AFTER paying $65,000 in Payroll and all other expenses! The $65,000 Payroll includes a Manager's Salary of $48,000 per year!Seller rarely works on the floor of the store! Huge opportunity for the Buyer to owner-operate and take home more than $200,000 per year by reducing payroll and working the floor!Products are high margin items! Seller's margins are an average of 84%!Rent is ONLY $1,400 per month with nearly 5 years remaining on the Lease!Store is only open 12 hours a day!Rated 4.2 out of 5 stars on Google with nearly 90 reviews! Business has nearly 4,000 Facebook followers!Business does not have a website nor any eCommerce presence. Buyer can sell products online to the Business's repeat customer base that have been loyal to the store for over a decade!Sellers have had the business for almost 14 years! Sellers are looking to relocate.Located within a high traffic Mall in downtown Gatlinburg, TN!Major Tourism Hub! Huge opportunity for Buyer to to takeover and capture tremendous Summer sales! Gatlinburg, TN was crowned #1 in TripAdvisor's trending destinations! Over 14 million visitors every year!Business has a balcony with prime viewing of the main street where the parades run through! Gatlinburg's Fourth of July parade has over 400,000 visitors every year! The New Year's parade has 250,000 attendees. Store does tremendous business during these events!Major development in the area with 112 planned Single-Family Homes as well as an additional 42 residential units being developed!Average traffic count of 11,400 vehicles passing by the Mall each day!Mall averaged 1.3 Million visitors to the Mall in 2023. Price Reduced to $399,000 plus inventory! Inventory is currently estimated at $100,000 at cost which Seller is willing to give away at a discounted cost of $50,000!If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to [email protected]
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