Motivated Hallmark Store High Revenue.

Business Overview:

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 for 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. Note: FF&E is included in the purchase.

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Property Features and Assets:

This side by side store has the national brand recognition of Hallmark Crown Gold along with a high end boutique. The boutique boasts brand name jewelry and gifts including Pandora, Brighton, Swarovski, Kendra Scott, and Katie Loxton. The combination increases margins in both stores. The Hallmark Crown Gold store increases foot traffic and top end revenue while the boutique feeds off the high volume which supports its high margin business.

Market Competition and Expansion:

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.

Reason for Selling:

Relocating out of state.

Additional Details:

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