Hallmark Gold Crown and Accessories
Continued strong performance for 2023. This is a turnkey operation with management systems and employees in place for an easy transition. Consistent combined historical sales revenue are in excess of $1,500,000 and is tracking at $1,663,000 which is a 4.5% projected increase over 2022.
The business is two side by side stores- a Hallmark Gold Crown Store includes national web orders and a higher-end boutique with individual storefronts. The boutique brands include Pandora, Brighton, Swarovski, Kendra Scott, Crislu and Katie Loxton- The synergy of the two stores, high volume and high margin, blend traffic resulting in higher gross margins.
The Hallmark store boasts 36 years of continual operation and national brand recognition. The separate but connected boutique of 10 years continues to grow in revenue due in part to its exclusive and unique brands.
Product line: Jewelry, Cards, Gifts, Stationery and accessories.
Financial Information
- $595,000 Asking Price
- $242,000 Cash Flow
- $1,591,500 Gross Revenue
- Negotiable Down Payment
- Yes Financing
Business Location
- City: Confidential
- State: New York
Financing Comments
- Seller financing available to strong buyers with security. Asset is a national franchise that will qualify for SBA 7A funding if the buyer qualifies.
Reason for Sale
- Retirement and moving out of the area.
Detailed information
- Year Established: 1986
- Home Based: No
- Franchise: Yes
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 1
- Part-Time Employees: 15
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Inventory Included: No
- Inventory Value: On request
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Building Size: 7000
- FF&E Included?: Yes
- FF&E Value: N/A
Facilities
- 7,000 sq ft including storage.
Market Outlook/Competition
- This is the only Hallmark store in Rockland County to earn the prestigious Gold Crown status. The boutique supports exclusive brands not found anywhere else in Rockland County. It is located and surrounded by a residential neighborhood in a popular shopping center. This gives the store superior visibility and ease of access.
Business Listed by
Anthony Tarricone
Sunbelt of WestchesterContact Business Broker
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