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Listing Number: 3491

Buy a Bookstore, greeting cards Business in New London County, Connecticut

Business: Buy a Bookstore Business
County, State: New London County, Connecticut
Business Type: greeting cards, Schools, Education

Summary Description

Cozy bookstore in upscale community with high per capital income and high literacy rate. Located in high traffic strip mall anchored by post office, bank and only grocery store in town. Town has strict zoning that will make it difficult for "big box" bookstores to move into town. Store sells mix of new and gently used books along with greeting cards, jewlery and selected gifts. Minimum advertising over past three years has kept sales down but there is plenty of room for growth, especially for high margin used books. Overhead is low and rent is less than $1,000 per month. Price includes inventory, POS system and fixtures, including specially made book shelves. Owner wants to move out of area.

About the Sale

Asking price: $65,000 (USD)

Total Revenues: $87,300 (USD)

Cash Flow: $39,545 (USD)

Financing: $40,000 down and 7.5%; 36 months

Reason Selling: Owner moving out of the area

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.