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Gift & Card Shop

Middlesex County, New Jersey

Asking Price: Gross: Cash Flow:
$180,000 $180,000 $112,000

Furniture and Fixtures Value:
$40,000 (included in the asking price)

Inventory Value:
$75,000 (included in the asking price)

Business Summary:
For further information please contact Salvatore Ascolese at 908-851-9040 Ext. 281

 
   
   
Year Business was Established: 1996
   
Number of Employees: 1FT/1PT  
   
Facilities / Terms of Lease: 2,000 sq. ft. store in a shopping mall, 250 sq. ft. storage in the rear. Show cases for gifts racks and shelving including card display racks. Nice store in a shopping mall next to A&P and Rite Aid.  
   
Potential Growth/Expansion: More space would have to come from renting of abutting store. High potential with increase in inventory (higher end) advertising and promotions  
   
Competition: 3 miles in Menlo park mall  
   
Owner willing to finance: $50,000 down payment, balance of $130,000 payable over 5 years at prime + 2%  
   
Owner willing to train: Owner will stay with buyer for up to 1 month  
   
Reason for selling: Health problems  
 

 

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