Creation Station
Background Information
This business has been in existence since 1999. The current owners have owned it for 6 years. It operates as a Sole Proprietorship. There is no real estate included as part of the sale as the business leases its space.
Creation Station Paint-it-Yourself Pottery is a business which allows its customers to choose specific rough pottery to paint, glaze, and kiln fire to create finished pottery pieces. The business caters to children’s birthday parties, family activity days, women’s evening groups, and individuals looking for something different to do in the White Mountains area of New Hampshire. It is a popular past-time for both locals and visitors alike. The business can be operated solely by an owner-manager and could become a great business opportunity for someone interested in pottery and other hobbies who could earn some income while enjoying an activity that they enjoy.
The Industry
There are no other paint-your own pottery stores within a 30 mile radius. The business is in a prime location on the world famous Kancamagus Scenic Highway in one of the premier tourism areas of New Hampshire. The business caters to both local and visiting hobbyists, birthday parties, and customers looking for an alternative to hiking, skiing, swimming, biking, and other activities that the White Mountains are known for.
As this business caters to visitors as well as locals, its success is directly related to the state of the tourism industry. Visitor counts are down all over the country but the Lincoln-Woodstock area is fortunate to be so close to major city centers which allows for greater than usual day traffic than some other more remote areas.
For further information on the state of the retail industry in Lincoln-Woodstock and New Hampshire, contact the following entities:
Lincoln-Woodstock Chamber of Commerce
P.O. Box 358
Kancamagus Highway
Lincoln, NH 03251
603-745-6621
www.lincolnwoodstock.com
Location
Creation Station is located in a popular strip mall called the Depot Plaza, located directly off of Route 112, the Kancamagus Highway, in Lincoln, New Hampshire. The business is just 1½ miles from Loon Mountain, the most popular ski resort in New Hampshire. The area is also a popular destination year round for its hiking, biking, swimming, winter activities, foliage, and other attractions, both man-made and natural, that the White Mountain National Forest has to offer.
The Depot Plaza is a vibrant area including residences and other businesses such as a breakfast restaurant, thrift store, hair salon, convenience store, vacation reservation service, offices, and there is also a full service restaurant adjacent to the plaza.
Physical Condition
The business is housed in a well maintained 1343 square foot commercial condominium building. The building is approximately 25 years old and in good condition. Lease terms are negotiable. Assets include all shelving, work tables and chairs, kiln, computer, display items, paints, and all necessary accessories. All furniture, fixtures, and equipment are in good to excellent shape. The public areas around the building are clean, well maintained, comfortable, and appealing to customers.
Reason for Selling & Other Facts
The owner is ready to semi-retire. He is willing to sign a non-compete as he does not intend to work in the industry after the business is sold. The current owner is willing to stay on and train for two weeks after the transfer of the business at no charge.
Inventory of Furniture, Fixtures & Equipment
Available upon request. The approximate total fair market value of the Furniture, Fixtures and Equipment is $8,000 as estimated by the current owner
Inventory
The approximate total fair market value of saleable inventory to be left at closing is $2,000. An inventory of all items should be taken at the time of closing and the value adjusted (up or down) depending upon its results.
Hours of Operation/Employees
In-Season: Daily 11:00am - 6:00pm
Off-Season: Thursday-Monday 1:30pm - 6:00pm
Employees: 1 part-time and owner
Annual Sales Volume
Available upon completing a Confidentiality Agreement.
Gross Profit Margin
Available upon completing a Confidentiality Agreement.
Expenses
Available upon completing a Confidentiality Agreement.
2004-2006 YTD Profit and Loss Statements
Available upon completing a Confidentiality Agreement.
Ways to Improve the Business
The current owner feels that by dedicating themselves more to the business than he has over the last couple of years, immediate increases in revenue would be evident. Consistent/increased hours, increased marketing, and in-store up-selling are all areas that if improved, will directly impact the bottom line.
Also, by increasing what the store offers, such as jewelry making, mosaic creation, Teddy Bear stuffing, and other hobby/craft activities, new buyers would appeal to a more diverse audience, positively impacting revenues and profits.
Recommended Listing Price (RLP)
The RLP justification for this business is as follows:
| The business has Gross Revenues of: (2002 -2006) | * |
| The business has an average (2002 -2006) SDE of | * |
| Salable Inventory at Cost | $2,000 |
| Furniture, Fixtures and Equipment: | $8,000 |
| TOTAL RLP: $30,000 |
*Available upon completing a Confidentiality Agreement.
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