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Rare Magic Shop Established for Over 50 Years
The Magic Shop offers a wide variety of magical products, including card magic, comedy magic, juggling, clown supplies, coins, jokes, fire magic, escapes, flower magic, Christmas magic, books, close-up magic, ring magic, music for clowns and magicians, and much more. In addition to its extensive inventory, the shop has a workshop that is capable of producing custom magic items. Established for over 60 years, the business enjoys a loyal and satisfied customer base that keeps coming back. The current owner takes pride in the fun, easy-going work environment and the happiness of their customers.
Recent policy and procedure improvements have made the business more efficient, reducing the need for additional labor. While the online presence has grown, there is still significant potential for a new owner to expand the retail and e-commerce side, particularly through SEO, growing the drop-ship model, and expansion into online retailers such as Amazon.
This incredible business is truly a hidden gem waiting to be discovered!
Ad#:2276656
Listed By: Tim Kleman
Background information
Reference:
Rare_Magic_Shop_Established_Over_50_Years
Year established:
1966
Reason selling:
Retirement and Health Issues
Finance
Sales:
$634,850
Profits:
$108,000
Operations
Employees:
3
Equipment:
Included in asking price $35,000
Inventory:
Included in asking price
Premises
Facility:
This 4,075 sq ft building is located in a historic riverfront. This two story building is located in a high traffic, downtown location aside 60 shops, restaurants, attractions and services that await in a splendid waterfront setting! This two story building can be structured to have a residential feature upstairs with retail downstairs or it can be redeveloped. A signature Downtown Farmers Market draws visitors from near and far making it a place to escape the ordinary. Historic Charm, high foot traffic and plenty free parking - this property has it all!
Location:
Volusia County, FL
Opportunities
Growth:
Unlimited potential for growth. Current owner has established policies and procedures to sell online! It has seen great success. The amount of growth that could happen is limitless!
Price and terms
Price:
$1,144,000
Training:
The seller is dedicated to the successful transition to the new owner. He will make all necessary introductions to clients and vendors. At no charge, the current owner will work side by side with the new owner for the first 30 days and will remain available to answer any questions that may arise over the next year.