Specialty Kite and Toys Retailer

DESCRIPTION: This thriving specialty retailer is commonly known as the most fun store in Portland's Old Port retail district. Decorated with festive windsocks and banners and filled with developmental toys, classic toys, arts and crafts, books, a very large selection of kites and most any toy that involves wind, this unique retailer has become a local landmark for non-battery operated thought provoking fun toys which enhance play for all ages and stages. It is also Maine's only full service kite store.

Founded in 1989 as a Kite Shop, in 1992 the inventory mix was diversified to convert seasonal products into a year round business. In 1994 the store obtained the "prime storefront" in Portland's Old Port district giving immediate increased visibility and a huge increase in sales. This specialty retailer has grown into a business that maintains high ethical standards and abundant community involvement and generosity.

MARKET: The business' high profile location has a built in customer base of local residents, nearby workers, visitors and tourists. The store's reputation draws customers from outside the area as well. A commitment to customer service together with the quality and play value of the merchandise is the key to this store's success. This is a solid business with an outstanding reputation and many growth opportunities. The market niche can be enhanced with virtually no capital investment. An extensive customer mailing list can be used for a large variety of marketing and promotional events. A website was established in 2003. The formula is in place to open additional locations.

FACILITIES: The business leases 1,500 sq.ft. in one of the prime retail locations in the heart of Portland's vibrant Old Port retail district. Leasehold improvements allow the store to operate as a two floor retail establishment

PRICE: $250,000
BANK FINANCING: Proposed at $135,000
DOWN PAYMENT: $115,000
INVENTORY PURCHASE: $50,000
WORKING CAPITAL NEEDED: $10,000

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