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Listing Number: 3491

Bookstore, greeting cards Business for sale in New London County, Connecticut

Business: Bookstore Business for Sale
County, State: New London County, Connecticut
Business Type: greeting cards, Schools, Education

Summary Description

Cozy bookstore in upscale community with high per capital income and high literacy rate. Located in high traffic strip mall anchored by post office, bank and only grocery store in town. Town has strict zoning that will make it difficult for "big box" bookstores to move into town. Store sells mix of new and gently used books along with greeting cards, jewlery and selected gifts. Minimum advertising over past three years has kept sales down but there is plenty of room for growth, especially for high margin used books. Overhead is low and rent is less than $1,000 per month. Price includes inventory, POS system and fixtures, including specially made book shelves. Owner wants to move out of area.

About the Sale

Asking price: $65,000 (USD)

Total Revenues: $87,300 (USD)

Cash Flow: $39,545 (USD)

Financing: $40,000 down and 7.5%; 36 months

Reason Selling: Owner moving out of the area

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