Gift Shop for Sale in Florida

Listing #95151077 Asking: $999,000 Owner Benefit: $164,087

Discover an exceptional retail opportunity with a focus on rare stones, crystals, and fossilized shark teeth from around the globe. This unique establishment procures fossils from various sources, spanning Florida, California, Utah, South Carolina, Africa, Madagascar, and Morocco. A significant portion of their sterling silver and gold-filled jewelry is crafted in-house, complemented by quality silver chains imported from Italy. Notably, the store offers distinctive handmade obsidian knives crafted in Florida. A standout feature of the business is the hands-on experience it offers for customers of all ages to design and create their own jewelry. With a variety of materials, including sterling silver, wire-wrapped shark teeth, fossils, crystals, or ceramic pendants, customers can personalize their designs with leather and beads. The store also specializes in on-site creation of wire-wrapped jewelry, providing custom wire wraps as wearable art. An extensive collection of cabochons caters to those who enjoy crafting their own jewelry. For collectors and enthusiasts, the store's selection of dinosaur teeth, shark teeth, and fossils from local and global sources is truly captivating, accommodating various budgets. This well-established business has cultivated a history of devoted, repeat customers and demonstrates consistent year-over-year growth. Operated with a fully systemized structure, including a dedicated manager and staff, the owner's involvement is limited to approximately 8 hours per week. Benefit from a long-term lease option. The experienced store owner, with a successful track record operating a similar store on Anna Maria Island since 1995, opened the downtown Sarasota store in 2016. Initially smaller and located on a side street, the store has flourished since its relocation to the Main Street in 2022, enjoying substantial pedestrian & car traffic count. Sales have more than doubled, growing from $214,562 in 2022 to an impressive $531,836 in 2023. Seller Discretionary Earnings reflect significant growth, increasing from $74,532 to $164,087 in 2023. The store includes over $450,000 worth of inventory (wholesale value), with the majority housed in an additional 2500SF warehouse in Bradenton, Florida. All warehouse inventory is included in the purchase price, with the warehouse available for one month free and subsequent leasing options at $1500 per month, if required. Don't miss out on this compelling investment opportunity.

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