Advert Ref: JT0121

Highly-profitable, Santa Rosa Gift Shop For Sale

  • Santa Rosa, California - North
Asking price:
$250,000
Sales revenue:
$1,800,000
Net profit:
$200,000

Photograph of this business for sale

Price Reduction!

OPPORTUNITY: Established in 1981, The Classic Duck has experienced years of profitability in two separate locations. Originally located in Coddingtown Mall, this business currently resides in one of the most illustrious Sonoma County retail locations – the Montgomery Village Shopping Center. This beautifully curated gift store focuses on women accessories such as jewelry, scarves, and hats as well as home and garden décor, personal care products and gift items. Visiting this store during fall and winter season has become a welcomed tradition for many households due to their amazing display of Holiday gifts and accessories.

Evidenced of its popularity, this turnkey and highly profitable gift store has averaged $1.8M in annual gross sales the past three years with 2020 showing an impressive $1.1M Gross Sales and an SDE of $147K for the year of many global obstacles.

Growth may occur with the development of online sales. Owner works approximately 30 hours a week in peak Holiday season and 20 hours a week for the rest of the year. Inventory is valued at approximately $400k and not included in the purchase price.

ADDITIONAL DETAILS:

• Percentage rent is 7%. Buyer will be required to negotiate a new lease with base rent.
• Plentiful free parking available in the shopping center parking lot.
• Neighboring businesses include See’s Candies, Copperfield’s Books, and Monti’s Restaurant.
• Seller Financing is available to qualified buyers.
• Inventory is not included in listed price.

Property:
Leasehold
Lease terms:
Percentage rent is 7%. Buyer will be required to negotiate a new lease with base rent.
Location:
Montgomery Village Shopping Center
Size in square feet:
2,528

Expansion potential:
Development and expansion of online sales can contribute to higher annual sales and profitability.
Reasons for selling:
Owner is retiring.
Years established:
1981

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:
Owner Financing is available to qualified buyers.
Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
$400,000

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