Profitable Independent Bookseller - Wonderful Community Asset
(Retail - Books, Restaurant - Cafe)
Listed Price: $ 400,000
Listing ID: 201920
Listing DetailsGross Revenue: $ 1,800,000
Cash Flow: $ 183,000
FFE: $ 175,000 (Included in Price)
Inventory: $ 160,000
Training & Support:
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company management.
Listing SummaryBusiness Description:
This business is a welcoming and comfortable “third place” where regular customers and visitors alike congregate to socialize, attend events, enjoy good food and coffee and, yes, find new books to enjoy.
Over its 23-year history the business has achieved a regional reputation and enjoys the patronage of long-time customers who have followed the business as it has grown, moved and become the cultural center of gravity in Edwards that it is today. The business was founded in 1996. The current owner bought into the business in 2005. In 2007 the owner and a partner moved the business to its current location, added the café and more than doubled sales. Since then, the current owner purchased the shares owned by others becoming sole owner in 2013. She also remodeled and expanded the business once again to its current 2937 ft2. Since then the business has continued to grow and has become an anchor of the Edwards business community and a gathering place.
The business model is based on a high level of service, a regular calendar of events, participation in the community and active and thoughtful buying. Currently the owner runs the business focusing on buying, marketing and customer service. She is supported by a long-time staff including four managers.
Please Note: Potential buyers will be asked to complete buyer registration, sign a non-disclosure, interview with broker and provide evidence of the means to complete a transaction of this size before additional confidential information will be provided.
There are no other specialty book stores in the market. Books are available for sale in other unrelated businesses and there are other coffee shops.
OperationYear Established: 1996
Absentee Owner: No