The Veld Group Listings: Craft Store - Antelope Valley Scrapbooks and Memoirs

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Craft Store - Antelope Valley Scrapbooks and Memoirs

Industry Description	Craft Store	SIC
Days Open	7 days	Year Established	2001
Hours of Operation	10-6p; Sun 12-5p	Years Owned	2002
Full-time Employees	0	Part-time Employees	4
Other Notes
Hours/wk by Owner	None	Owners Duties	Mngt. Oversight
Skills / Licenses Reqπd		Training Offered / Cost	3 Wks @ 20 hrs
Non-Compete Terms	3 Yrs / 50 miles

Exec. Summary

Lease / Bldg. Info.	Lease	Monthly Rent	$5,092
Lease Commenced	n/a	Deposit	TBD
Lease Expires	TBD	Term & Option	TBD
Bldg./Area Description	Commercial	Square Footage	3,500
Seats, Pkg, Zoning, etc.	Large commercial shopping center with key anchor tenants and ample parking

Reason for Sale	Owner lives out of town; seeks to reduce commute
Financial Summary	Current Yr. Annual	2003 / Owner to Prove	2002 / Owner to Prove
Gross Revenue	$131,436 (thru June 04)	$312,154	$62,574
COGS	$53,079	$135,130	$21,826
Rent / CAM	$30,552	$61,104	$15,276
Payroll
Net Profit (before tax)	$0	$0	$0
Discretionary Cash	TBD	$22,100 (Owner @50 hrs)	$22,100 (Owner @50 hrs)

Expense Breakdown

Included in Sale	Assets		Liabilities
FF&E Included	$25,000	Lease Obligations	$0
Inventory Included	$40,000	Debt Included	$0
Other Assets Included		Other Liabilities	$0
Working Capital (not incl)		Return on Sale Price

Asking Price	$100,000	Owner Financing/Terms	Owner Will consider
Earnest Money Dep.	$5,000	Down Payment	$40,000

Opportunity Summary

Headline

Craft Store - Antelope Valley Scrapbooks and Memoirs

Summary

This unique craft store specializes in the retail sales of scrapbook and hobby supplies. It caters to those who make a hobby out of assembling memories of photos and personal experiences, primarily housewives and school teachers. This store resides in a busy shopping center with major anchor tenants in the commercial district of Lancaster. This is an ideal establishment for a family who wishes to operate their own business and work together in a creative environment where patrons partake in shopping and hobby courses.

Facilities / Assets

The business operates out of a 3,500 square foot facility. The building consists of a large retail area and back-office space, as well as an instruction area where customers learn and practice their trade. The location provides plenty of storefront parking. Fixed assets include furniture and fixtures valued at least $25,000, and inventory of $40,000.

Competition

Competition is considered low, since there are no competing stores in the high growth area.

Growth Potential

Opportunities for expansion exist, primarily via greater promotion, or complimentary product offerings to clients (i.e. similar craft sales, etc.).

Other

8721 West Sunset Blvd. • Suite 103 • Los Angeles, CA 90069 ph 310•652•VELD {8353} fx 310•652•8363 toll free 866•600• 8353 {VELD}
contact@theveldgroup.com

Opportunity Summary
Headline	Craft Store - Antelope Valley Scrapbooks and Memoirs
Summary	This unique craft store specializes in the retail sales of scrapbook and hobby supplies. It caters to those who make a hobby out of assembling memories of photos and personal experiences, primarily housewives and school teachers. This store resides in a busy shopping center with major anchor tenants in the commercial district of Lancaster. This is an ideal establishment for a family who wishes to operate their own business and work together in a creative environment where patrons partake in shopping and hobby courses.
Facilities / Assets	The business operates out of a 3,500 square foot facility. The building consists of a large retail area and back-office space, as well as an instruction area where customers learn and practice their trade. The location provides plenty of storefront parking. Fixed assets include furniture and fixtures valued at least $25,000, and inventory of $40,000.
Competition	Competition is considered low, since there are no competing stores in the high growth area.
Growth Potential	Opportunities for expansion exist, primarily via greater promotion, or complimentary product offerings to clients (i.e. similar craft sales, etc.).
Other