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Listing Number: 1694

Gift Shop Business for sale in Newport County, Rhode Island

Business: Gift Shop Business for Sale
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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