Featured Listing: Clothing Boutique; Main Street Stillwater.

ASLCT-00008818-001

TYPE OF BUSINESS: Clothing Boutique; Main Street Stillwater.  Located in historical Stillwater that is surrounded by popular restaurants and retail businesses. The business was established 3 years ago. This business offers a unique shopping experience and is often praised for the array of merchandise offered to its customers. This highly profitable store specializes in the sale of men’s and women’s apparel, jewelry, shoes, accessories and more. This is a very easy business to operate and would be perfect for the first time buyer. Hours of operation are; Monday – Sunday 9:00 to 10:00 in summer and 10:00 to 5:00 in winter.  The owner does not work the business – however, his responsibilities include: Bookkeeping and Staffing.

 

FACILITY:  This business is located on the main street in an ideal location.  The business operates in about 2,000 square feet. Monthly rent is $3,750.  The lease expires in 2016, and there is an option.

 

EMPLOYEES:   Semi-Absent owner. Business operates with 2 full-time and 10 part-time employees.  Their hourly wages are between $8.00 and $10.00 per hour.

 

GROSS SALES/CASH FLOW:  The gross sales for 2013 were approximately $318,000, cash flow was approximately $81,600 for a semi-absent owner based on 2013 sales.

 

ASKING PRICE: The asking price for the business is $225,000 plus inventory. This includes the furniture, fixtures, equipment, website, phone number, client and vendor list and brand names.  The value of these assets is approximately $25,000. Inventory is approximately $50,000 at cost.

 

REASON FOR SALE:  Owner is re-locating.

SOLD! Several, well established liquor stores located in the Twin Cities.

Featured

Liquor Store

BUSINESS: Several, well established liquor stores located in the Twin Cities of Minneapolis and St. Paul. The stores are strategically located in high traffic, very desirable locations. The first store was established 25+ years ago. The owner established each store. The stores are very well run and operate with state of the art equipment. While the owner is not on site daily, his responsibility is to over-see the entire operation.

FACILITIES: Several of the stores are located in free standing buildings, which are owned by the current owner, and one operates in leased space. The square footage of each store is several thousand square feet. All facilities are well-kept. The value of the land and buildings is estimated at $4.0 – $4.5 million.

EMPLOYEES: The entire business is organized extremely well and operates very efficiently. Each store has experienced and established management in place. The business employs about 78 people.
REVENUE: $13.2+ million and growing.
EARNINGS: Earnings in 2012 were about $1.3 million. (Earnings are defined as net income, depreciation, interest and amortization).

ASKING PRICE: The asking price is $10.6 million. Included in the price are the furniture, fixtures and equipment (value of approximately $700,000 – $900,000), land and buildings and inventory of $2,500,000 (at cost). Note – approximately $500,000 is needed for working capital.

REASON FOR SALE: Retire.

IMPORTANT NOTICE: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness.