Children's Toy and Book Store
Listing ID: TOYS2
Entity Classification(M): Limited Liability Corporation
Annual Sales: $978,655
Seller Discretionary Earnings: $227,112
Included Inventory: $144,957
Year Established: 1995
Days & Hours of Operation: 10AM-6PM M-Sat; 11-4 Sun
Reason For Sale: True Retirement
Limited Seller Financing: Seller will participate in seller financing dependent upon total transaction value, however since SBA removed the seller financing requirement in 2018 none is anticipated.
Listing Status: Under Contract
Description:This multiple award winning, beloved and popular independent toy store for sale is located in an affluent area of Eastern North Carolina. With a history of selling high quality, uniquely crafted toys, this business has an impeccable reputation in the community, and a loyal customer base. Spanning over three decades of service, this is a turn-key opportunity that is fully stocked and has engaging and well trained employees in place. This business is also prime for expanding its growing e-commerce footprint.
Historical Summary:The business was founded with the concept of selling higher quality, often educational toys that are not available in chain toy stores. The unique product mix differentiates this business from an 'average' toy store and insulates them from competition selling cheaper toys that are widely available.
Competition:This is a unique business with no direct competitors in the local market.
Growth & Expansion Opportunities:This business is well staged for the expansion of e-commerce offerings, creation on an Amazon seller account as well as expansion of the retail area for related or complimentary products such as baby clothing and specialty items. There are no geographic restrictions on sales for current product lines.
Location: Shopping Center
Facilities Type: Shopping Mall
Monthly Rent: $3,931
Building Square Feet: 1,840
Facilities Description:All point of sale equipment, office equipment, marketing materials, retail shelving and racks, security cameras, and various displays are included. This turn-key opportunity.
Full-time Employees: 5
Part-Time Employees: 2
Support & Training
Owner Qualifications:General business skills including basic bookkeeping, HR, and customer facing with adults and children. Experienced manager and staff run day to day operations. Product buying knowledge would be a plus.
Support & Training:Seller will provide 30 days training, post-closing. Additional transition assistance may be arranged.