Buy a Gift Shop Business in Newport County, Rhode Island

Business: Buy a Gift Shop Business
County, State: Newport County, Rhode Island
Business Type: General Merchandise Store, Gift Shop

Summary Description

Gift shop located in the heart of a seacoast tourist area.. This popular business has been in this location for 25 years. Stocked to the ceiling with unique and novel items, the store is a delightful stop for both purchasers and browsers. Inventory ranges from childrens gifts to figurines, crystal, jewelry, hand bags, and nautical items. Owners take great pride in the selection and unique displays. Christmas items are added for winter. This is a popular spot for tourists and locals alike. Close to restaurants, parks, and hotels with validated parking in a downtown waterfront tourist area. Part of a gift shop group with a nationally recognized name, and the franchise rights to the entire state of Rhode Island.

About the Sale

Asking price: $220,000 (USD)

Financing: N/A

Total Revenues: $325,500 (USD)

Cash Flow: $92,070 (USD)

Reason Selling: Retiring

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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.