NH's Best Gift Shop 2016!!

Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30050259
Property Subtypes: Retail Stores
Status: Pending/Contingent
Building Size (RSF): 5,134 SF
Sale Price: $375,000
Name of Establishment: The Nest
Business Website Address: www.nestoflittleton.com
Year Business Established: 2012
Gross Revenue: $250,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Sale Includes Business Assets @ $50,000; Inventory @ $100,000+/- plus Real Estate @ $375,000. Seller to offer flexible terms for Inventory to a qualified buyer.
Last Updated: 8/10/2017

Overview / Comments

The Nest of Littleton is located on Littleton, NH's award winning Main Street. Named the "Best Gift Shop in NH" in 2016, The Nest offers an eclectic array of name brand items for the discerning buyer's home with "Gifts, Home Decor, Housewares and More." The building was renovated in 2012 to include three rent-able units...two on the Main Street level and one on the lower level, with an entrance from Littleton's emerging River District. Currently, The Nest occupies the entire building but a new owner may choose to decrease the size of the store and lease the remaining storefronts for added income. The offering is $150,000 for the business assets and inventory and $375,000 for the real estate. A buyer for The Nest may choose to purchase the business only and lease the retail space or purchase the real estate as well for a wonderful investment opportunity. Financials are available to qualified buyers only and after signing and NDA and a confidential discussion with Broker. The Owner's retirement presents a wonderful opportunity for a creative, energetic person to build upon The Nest's popularity!

Additional Details

Nearest MSA: Claremont-Lebanon
County: Grafton
Industry Segment: Other Retail Stores
Reason for Selling: Seller has other interests.
Value of Inventory Included ($): $100,000
Value of Furniture, Fixtures, and Equipment ($): $50,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $375,000
Employee/Labor Description: Currently there are three employees who operate the business with the owner available part time.
Mgmt/Training Support Description: Seller to offer transitional services of 14 days during the 30 days immediately following closing at no additional cost.
Growth/Expansion Opportunities: New retail lines such as Vera Bradly and higher end small kitchen appliances have been recently added. Seller feels an expanded offering of repeat purchase items such as greeting cards, candles and specialty foods items would do well.
Seller Financing Description: Seller to offer flexible terms for the purchase of the inventory at hand at the time of sale.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,015 3,705 6,880
Median Age: 44.72 42.24 43.65
Households: 1,009 1,737 3,058

Contact

Photograph of Listing Agent

Mary M. Doherty

Peabody & Smith Realty Inc.
NECPE Member
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