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Sold for $297,125 Sold

25 Depot Street
Duxbury, MA 02331

Extra Listings
3,200 sq ft
Property Photo
1/2

Sold

Sold for $297,125 on Mar 8, 2016

Description

Landmark South Shore Gift Shop An Institution for Generations - Fine Gifts and Decorative Accessories from Classic to Contemporary The Studio of Duxbury, an institution since the mid 50's, is located in the historic seaside town of Duxbury, Massachusetts, a very affluent community with an average household income of $150,000. The Studio is known for its fine all occasion gifts, decorative accessories and exceptional gift wrapping with emphasis on bridal registry, seasonal gifts and corporate gifts. For generations The Studio is where the people of the South Shore have come for fine gifts and decorative accessories which span the spectrum from classic to contemporary, from traditional to timeless. The Studio's wide selection of gifts and home accessories includes many well-recognized brands whose names are synonymous with distinctive design and lasting quality. The Studio has become a paradise for seekers of unusual jewelry treasures. There are ongoing relationships with talented local artisans. It is one of limited entities still offering Bridal Registry Services. In 2014 there were over 30 couples registered. The business is operated by about 20 veteran part-time employees who each work fairly flexible schedules ranging from less than 10 to about 20 hours per week. The owner works full time managing the business. All of the staff are adept at most tasks and have developed a smooth flowing work environment where everyone pitches in. Some employees also function as buyers for specific product lines; several are experienced with merchandising and product display; and most are experienced with opening/closing. The store, which contains about 3,200 square feet, is nicely designed and is fully equipped with attractive and functional furnishings and fixtures. There are eye-catching display windows and seasonal merchandise presentations and exhibits throughout the store. There is an attractive and informative website… www.thesudioofduxbury.com... and a Facebook page which is updated weekly. Sales per square foot and sales per employee are above the norm for this type of business. The current lease runs through June, 2017. It can be extended or the landlord will write a new lease on similar terms with options to extend. Included in the sale are all equipment, furnishings, fixtures, trade name, leasehold improvements, customer lists, exclusive vendor list, phone number(s), website and domain, Facebook page, proprietary marketing, promotional and packaging materials, transitional orientation and training and other items required for operation of this Turn-Key business along with the store’s excellent reputation and good will. The business is offered at $250,000 plus the wholesale cost of inventory. Buy now and get the benefit of the holiday sales which amount to 30% of annual sales!

Features

  • Cash Flow: Very Positive
  • Cost of Goods: Industry Standard
  • Curb Appeal: Excellent
  • Equipment: Up to date
  • List Date: 10/20/15
  • Longevity: Over 60 years
  • Reputation: Excellent
  • Seller Financing: Some Possible
  • Signage: Attractive
  • Site/Location: Excellent
  • Social Media: Facebook
  • Special Features: Bridal Registry
  • Tourist Friendly: Very
  • Training: Yes
  • Turn Key: Yes
  • Website: Yes
  • Work Force : In Place

Jim Vaccaro
Jim Vaccaro

Cape Cod Business Brokers
Mashpee, MA 02649

508-477-6053
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Jim Vaccaro | 508-477-6053 | Contact Us 
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