Learning Express Toys and Gifts in Ann Arbor is looking for new owners
ANN ARBOR – The owners of Learning Express Toys & Gifts in Ann Arbor and Sylvania, Ohio announced on their website this week that they are “actively seeking new owners for these franchise areas.”
The specialty toy and gift franchise has locally owned locations across the country. Current owners hope to reopen the two Midwestern stores this year, according to a press release.
Here in Ann Arbor, the Westgate site closed on January 26, 2021 after nearly 25 years of business.
According to an announcement in December 2020, owners Gary and Molly Fitzpatrick said they would close their doors to retire. The Fitzpatricks, who have owned the business since 2003, said their retirement was planned “long before COVID changed the retail landscape”.
Below is an excerpt from an email they sent to customers on April 26th.
Here’s what we’re looking for with a new shop owner:
A passion for Learning Express, kids, toys, and retail
A positive attitude to have
A financial and business mindset
A minimum of $ 125,000 in cash is available for investment
Someone who wants to work for themselves and have fun doing it!
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