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One of Vermontís Premier Craft Galleries for sale in Chittenden County, VT

Chittenden County, Vermont (VT)

Asking Price: Gross: Cash Flow:
$ 595,000 $ 755,000 Undisclosed

Furniture and Fixtures Value:
$ 60,000 (included in the asking price)

Inventory Value:
$ 215,000 (included in the asking price)

Business Summary:
Founded in 1997 and focusing on handcrafted items from Vermont, New England, and across the country, our store has become one of the most popular places for locals and tourists alike to find these special items within our beautiful state. We also offer a large selection of specialty foods, souvenirs, and fine art from Vermontís best painters. Our customerís repeatedly tell us that we are the one stop shop for all of their gift needs.

 

   
Year Business was Established: 1997
   
Number of Employees: 2FT/10PT  
   
Facilities / Terms of Lease: Triple net lease, rent averages about 72K per year.(Option to lease guaranteed through 2028 with possible CPI adjustments every two years) Well established turn key 4,000 square foot retail gallery space with a large stock room, 2,000 square foot basement, 1,000 square foot second level office and storage space. This is a stand alone building with 30 parking spaces and is located on one of the busiest roads in Vermont. Includes an extensive web site with shopping cart for online sales.  
   
Potential Growth/Expansion: Corporate gifts are becoming an important part of the business and perusing this avenue along with adding the entire store to the website could greatly increase sales.  
   
Competition: There are several other smaller gift stores in the area.  
   
Owner willing to train: YES  
   
Seller Reference Number: bm2031504404
BusinessMart.com Listing Number: 100241
 

 

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