The Old Homestead – Lexington, NC

Gift Store

The sale ended better than I ever dreamed!

This was a very nice store carrying top of the line merchandise. Starting inventory was $225,000 and another $3,500 was purchased (should have been… Read More

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Gold Crown Hallmark

Gift Store

The first day sales exceeded the previous month’s sales

In April, we completed a Retirement/Quitting Business Sale for the owner of three Gold Crown Hallmark Stores. The sale opened on a cold, windy, sno… Read More

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Piccadilly Ltd – Warrenton, VA

Gift Store

Reported sales exceeded $148,000

This was a small specialty gift store with an inventory that ran somewhere between $80,000 and $90,000.  It was owned by an elderly lady that had … Read More

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Card & Candy Shop – Pierre, SD

Gift Store

Reported sales were $222,000

We were recommended by a friend of the owner who had used Wingate to liquidate his hardware store. This inventory was about 40% Hallmark and about … Read More

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Brooks Gift Gallery – Drexel Hill, PA

Gift Store

Total reported sales ran $214,000

Starting inventory was $150,000 and the owner purchased another $5,000 when the first day of our Pre-Showing sales exceeded $20,000.  Total report… Read More

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Mary Anne’s Hallmark – Glasgow, KY

Gift Store

Reported sales ran well over $140,000

This was a long established store with declining sales.  Two sisters purchased it five years prior to our sale.  The sisters were absentee owners… Read More

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Sarah’s Hallmark – Johnston, IA

Gift Store

Reported sales ran over $354,000

This was a very nice store with a large gift department.  Starting inventory was $250,000 and no additional merchandise was purchased for the sale… Read More

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Is COVID-19 Effecting Your Business?Now is the Time to Plan Your Sale

We are facing highly unusual times. Stores in many states, cities and counties have been forced to close, and the consumer has been encouraged to stay at home and only shop for necessary items. It now appears that things are beginning to break open, the consumer is starting to get out and retailers are going to have to aggressively go after every dollar they can get to cover lost sales.

The retail industry has lost their good spring selling season. Retailers are stuck with two seasons of merchandise. Now they must reopen with a strong sale and heavy advertising to generate customer traffic and raise a huge amount of cash. Out of season and over stocks need to be converted to cash while in season merchandise needs to be sold to make as much profit as possible. AND IT NEEDS TO BE DONE AS SOON AS POSSIBLE!

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