Active
Desirable Santa Barbara Gift Shop with Prime Location & Wholesale Accounts
This is an exceptional opportunity to acquire a well-established boutique stationery and gift shop in the heart of Santa Barbara. This charming, elegant store is a favorite with locals and tourists. It is known for its curated selection of high-quality stationery, pens, greeting cards, unique gifts, and exceptional customer service. The store also has a popular children’s section.
With over 17 years in business, they have a strong, loyal customer base and community presence. This inviting store, combined with its specific lines and collections, attracts clients from Carpinteria to Santa Ynez who enjoy an enhanced shopping experience. Further, they offer a complete line of wholesale greeting cards (approximately 200 designs) with approximately 500 wholesale accounts nationwide. A new owner would acquire rights to the designs and the opportunity to produce art in marketable formats and greeting cards (stickers, tee shirts, tote bags, etc.).
There is an opportunity to grow this business by expanding the product lines, providing custom invitations, hosting in-store events, and increasing E-commerce sales and marketing.
Equipment included: all fixtures, shelving, display tables, Store shelving, iPad for point of sale, Square POS, 3 Apple computers, 3 desks with chairs, a Teak conference table and 4 chairs.
Listed By: Teri Craft
Background information
Reference:
sbgiftshop
Year established:
2007
Reason selling:
Other Interests
Finance
Sales:
$610,890
Profits:
$202,722
Profit type:
Net Income
Operations
Employees:
5 employees, including one wholesale person, all part-time. The owner works part-time and focuses on purchasing and bookkeeping
Equipment:
All fixtures, shelving, display tables, Store shelving, IPad for point of sale, Square POS, 3 Apple computers, 3 desks with chairs, Teak conference table and 4 chairs.
Inventory:
Up to $250,000 of inventory is included in the sale price.
Premises
Facility:
Lovely two-story building in a terrific location with 2,420 sq.ft. providing an open-air space with ample light. Including a large upstairs loft that is available for production, storage and or office space. The downstairs also features a substantial production and or storage area at the back that could be converted to retail if desired.
Square footage:
2,420
Rent and lease terms:
$4,750 monthly rent. The lease expires May 1, 2028. Extensions are available. The rent increases 3% each year. Trash runs $51.00 per month.
Location:
Prime location with high traffic. Surrounded by retail stores and cafes with parking.
Opportunities
Growth:
There is an opportunity to grow this business by expanding the product lines, providing custom invitations, hosting in-store events, and increasing E-commerce sales and marketing.
Market:
Sales and profit are increasing. Ability to open longer hours.
Price and terms
Price:
$499,000
Training:
Seller will train and assist with the transfer.