Investor’s Summary: Tale of the Cod Property and Business
Overview
Tale of the Cod represents a compelling investment opportunity combining a successful retail business with attractive real estate in a highly sought-after location in Chatham, Massachusetts. Known for its fine gifts, furniture, and home accessories, this iconic store is positioned in a prime spot on Main Street, just half a mile from Chatham Lighthouse and the Atlantic Ocean. The store’s reputation, established over 64 years, alongside its diverse product offerings sourced from local artisans, underpins its strong community and customer ties.
Property Details
Location: 450 Main Street, Chatham, MA
Facilities: Includes a charming storefront with ample display space designed to provide a comfortable and inviting shopping experience.
Additional Real Estate: The property features 5 one-bedroom apartments for lease, an attractive addition in a competitive rental housing market.
Business Highlights
Product Range: Offers a wide range of high-quality products, including exclusive brands and handcrafted items from local craftsmen.
Community Presence: A beloved establishment with deep roots and strong loyalty among local customers.
Financials: The business has demonstrated substantial profitability, backed by IRS returns. Full financial details will be provided to qualified buyers.
Investment Potential
Offering Price: $4,498,000 for the business and real estate. Inventory can be purchased at wholesale cost.
Flexibility: The location’s versatility allows for potential concept changes or business expansions, maximizing adaptability to market trends.
Market Position: Positioned in a thriving, high-foot-traffic area, ensuring continued visibility and customer engagement.
Inspection: Showings and further financial disclosures are available by appointment to serious and qualified prospective buyers.
This investment is not just the purchase of a profitable business but also an entry into a storied community landmark with additional revenue from residential leasing, presenting a diverse income stream in a robust economic area.