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Regionally Known - Well Established - Scrapbook Business for sale in Seattle, WA

Seattle, Washington (WA)

Asking Price: Gross: Cash Flow:
$ 49,000 $ 184,165 Undisclosed

Furniture and Fixtures Value:
$ 25,000 (included in the asking price)

Inventory Value:
$ 40,000 (not included in the asking price)

Business Summary:
This is one of the dominant players in the fastest growing hobby segment of the market. Regionally known and well established Scrapbook business. The business has an outstanding location in the Sears shopping center - right next to Marshall\'s. This location has high foot traffic and visibility. Absentee owner - major health problems force immediate sale. The business provides many services and functions for devotees of scrapbooking. Die cut center with a Accu-cut, sizzix and Cricut. There is a Kodak machine for all your photo processing needs. The business has the largest workroom \"crop room\" in WA State available for parties, events, classes, and work area for customers. The cropping room includes a kitchenette for use by customers. Weekly classes and cropping events bring in substantial profits. There is virtually no competition in the region - only three other shops and they do not even compare and no shops in the Seattle area. The business uses the O\'Brien POS system designed for Scrapbook stores. Seller has an extensive database for sending birthday cards, greetings, newsletters, and special events notices - both in email and postage. Computer network system is designed to be able to go off site to scrap booking and hobby events and sell merchandise. The business averages 164 customers per week spending an average of $21 per visit. This is a turnkey business and needs an owner operator to give it the momentum in needs to become a goldmine. Visit the website at www.scrapbookpad-wa.com.

 

   
Year Business was Established: 2007
   
Number of Employees: 4 PT  
   
Facilities / Terms of Lease: The business has an outstanding location in the Sears shopping center - right next to Marshall\'s. This location has high foot traffic and visibility. The business occupies 3,341 sq ft and has a spacious retail area, the largest classroom \"crop area\" in WA State, a large kitchenette, and office space. Well designed and appealing layout. The base rent is $4,037 plus NNN charges of $1055 per month. The Lease runs till 11/30/2011 with a 5 year option.  
   
Potential Growth/Expansion: Scrapbooking and hobbies is one of the fastest growing segments in the retail field. This business is positioned to be a leader in the industry with an aggressive owner operator who has marketing skills. The business has a database with over 3,000 names. There is an excellent website (www.scrapbookpad-wa.com). The current owner has done little marketing due to being absentee and having a serious health issue. There is currently no business similar to this in the Seattle region and that market could easily be accessed.  
   
Competition: There is virtually no competition in the region. There are 3 other similar businesses but they do not even compare and there are no businesses like this in the entire Seattle area. This business could easily become a goldmine with an aggressive owner operator who had vision and marketing skills.  
   
Owner willing to finance: Cash, Financing, or Possible Seller terms.  
   
Owner willing to train: The Seller will provide the buyer with 2 weeks of on site training on the day to day operation of the business, instructions on the different classes and events, and instructions on operating the networking and POS system.  
   
Reason for selling: Owner has serious health issues and cannot participate in the day to day operation of the business  
   
Seller Reference Number: hfgnScrap
BusinessMart.com Listing Number: 73255
 

 

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Kirk L. Edwards

KR Business Brokers
206.391.7365

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