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Overview

Retail

Children's Toy and Book Store

Price: $685,000

Listing ID: TOYS2

Entity Classification(M): Limited Liability Corporation

Year Established: 1995

Annual Sales: $978,655

Seller Discretionary Earnings: $227,112

SDE Multiple: 3.0x

SDE Margin 23.2%

FF&E: $75,000

Inventory: $144,957

Included Inventory: $144,957

Days & Hours of Operation: 10AM-6PM M-Sat; 11-4 Sun

Full-time Employees: 5

Part-Time Employees: 2

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:


Summary

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.

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.

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Carmen Marzella, Esq.

Senior Broker - Attorney - Team Counsel - Cary, NC

Office: (919) 653-8800 Ext.1

Cell: (919) 413-5763


Contact Listing Broker

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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: Orange County, NC

Real-Estate: Leased

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.
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