Gift, Art and Framing Shop

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TYPE OF BUSINESS:  Gift, Art and Framing shop, established over 21 years ago located in a very popular area. They sell prints, canvas prints, posters, originals, framed art, unique furniture pieces, gifts, candles, cards etc. The business enjoys a great reputation and provides it’s customers with a quality product that is competitively priced. They have a great customer base and on-line presents. The hours are Monday through Saturday 9 – 4, business is located 2 ½ hours north of the metro (Crow Wing County).

FACILITY:  The business occupies a building approximately 2,688 sq. ft. space that is part of a quaint shopping area. This beautiful building was built in 2005, wood frame with stucco and brick exterior. The building and property are available for purchase for $270,000.

SALES/CASH FLOW:  2021 sales are $30,000 above 2020 sales ytd. Gross sales for year ending 2020 were $195,781, 2019 were $191,731, 2018 were $201,728. Cash flow in 2019 was approx. $51,000 to an owner operator. Note :2020 cash flow is approx. the same as 2019.

ASKING PRICE:  The owner is asking $150,000 for the business (this includes furniture, fixtures, equipment and $65,000 in inventory – wholesale value) and $270,000 for the building and property.

REASON FOR SELLING: Retirement.

SOLD! Electronic Assembly Services

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BUSINESS:                           Electronic Assembly Services located in the suburbs of the Twin Cities. This company was established by the current owner in 1992. The company provides many services, which include, printed circuit board assemblies, thru-hole assemblies, surface mount assemblies, box build assembles (build the circuit board). They also do turn- key, which is when they buy all the materials and assemble. They offer  kitted, in which case the customer supplies materials. The company enjoys a good reputation, solid clients, and the electronics industry it serves is booming including environmental, lighting and medical. Daily responsibilities of the owner include sales, purchasing, accounting and involvement with  engineering decisions from time to time. This company is perfect for anyone looking to own a small business with endless potential.

FACILITIES:                          4,200 sq. ft. leased space.  Rent is $2,690.00 plus utilities. The seller feels that this facility could double in sales without increasing the sq. ft. or equipment. Lease expires April 1, 2021 with an option to extend.

EMPLOYEES:                      The business has a staff of a 1 long term full-time employee with owner working part-time.

REVENUE:                           Revenue in 2019 was $130,355, 2018 was $199,329 and 2017 was $155,167.

ASKING PRICE:                  The asking price for the business is $69,000. Included in the price but not limited to are the furniture, fixtures and equipment (value of approximately $75,000). Long term Client List, Website, Goodwill and Business Name.                           Inventory which is valued at $3,000 (at cost) is not included.

REASON FOR SALE:          Retirement. Seller is in his 70’s and is tired. He will provide the necessary training to insure a smooth transition.

SOLD! Rental Business – Family Owned & Operated.

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TYPE OF BUISNESS: Rental Business – Family Owned & Operated.
Serving the home, party and construction rental industry for over three decades. Current owner has owned this business for the past 8 years. Their inventory consists of a massive variety of tables, chairs, tents, generators, carpet and floor care, lawn and garden equipment, trucks and trailers just to name a few.
The company has a large market share with a long-established reputation that results in many repeat customers year after year.

FACILITY: The business operates from a 9,900 square foot facility, with a large shop for repairs and maintenance, office, warehouse and retail area. The rent is $4,200 during the summer season and $3,000 during the winter season. This business is located 40 minutes of the Twin Cities.

EMPLOYEES: This is an owner operator business with 7 full- time employees with extensive experience and 10-15 pull-time employees during the summer months. The owner oversees the business and works with sales and estimating.

GROSS SALES: 2018-$1,352,231; 2017-$1,333,619; 2016-$1,222,349 Cash flow for 2018 was approx. $410,000.

SALES PRICE: The seller is asking $2,350,000 for the business which includes $1,200,000 (fair market value) in equipment. The sales price does not include inventory of $45,000

REASON FOR SALE: Other interests.

 

SOLD! Featured Listing: Beautiful Floral and Gift Shop located in Mankato.

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Beautiful Floral and Gift Shop, established over 100 years ago. Current owner has owned the business for over 44 years. They sell fresh flowers, custom floral arrangements, plants, gift items, unique furniture pieces, cards, balloons etc. The business enjoys a great reputation and it provides its customers with a quality product that is competitively priced. They have a great on-line present and serve a tremendous number of weddings, funerals, special events, corporate events and walk-ins. The hours are Monday through Friday 8 – 6, Saturday 8 – 5:30. Sunday 10 – 3. Business is located in Mankato..

FACILITY: The business occupies 8,200 sq. ft. space. The building is for sale and the floral business will have to be moved (once the building has sold). The building and property are available for purchase for $1,295,000.

EMPLOYEES: The business operates with owner working 40 hours a week, 4 full-time and 8 part-time employees. Very friendly and experienced staff in place. Owner’s duties are staffing, ordering, floral design, sales and marketing.

SALES/CASH FLOW: Gross sales for year ending 2018 were $820,500, 2017 were $833,500, 2016 were $825,900. Cash flow in 2018 was approx. $124,600 to an owner operator.

 

ASKING PRICE: The owner is asking $140,000 for the business. The price includes furniture, fixtures, equipment and 2 delivery vans which are valued at approx. $75,000. The inventory is approx. $25,000 and is not included in the asking price.

 

Franchise: Speedway Gas Station

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TYPE OF BUSINESS: Seller very motivated due to health. Speedway Gas station franchise – located in a southern TC suburb. Established for 26+ years with the current owner owning it since 2013. This is a very nice gas/convenience store, located in a fast-growing community with a strong customer base. Business sells gas, grocery items, beverages, snacks, cigarettes, and other tobacco products, lottery and has an ATM. The business installed a new carwash just over a year ago and the sales and profits have more than doubled. The hours of operation are Monday through Friday 5:30 am to 11:00 pm, Saturday and Sunday 6:00 am to 11:00 pm. Owner works 20 – 25 hours per week.

EMPLOYEES: There are 4 full time and 4-part time. The owner is the part-time manager who runs the operation, along with the full-time clerks. The part time employees are paid $10.00 – $ 12.00 per hour.

FACILITY: Store is 4042 sq. ft. located on a 1.24-acre lot.

GROSS SALES/CASH FLOW: Gross sales for 2018 were $3,663,448, for 2017 were $3,417,213, for 2016 sales were $3,432,275. Cash flow to the owner operator, based on 2018 numbers was approx. $206,505, 2017 numbers was approx..$188,500. The sales will fluctuate year to year due to gas prices.

ASKING PRICE: The asking price for the business, franchise rights, land and building is $1,100,000. A 2013 appraisal valued the land and building at $1,100,000. The value of the furniture, fixtures and equipment is approximately $150,000 (included in asking price), and the value of the inventory (gas and other inventory) is approx. $70,000 (not included in asking price). The new Car Wash Lease is not included. The monthly payment is $2,300.00 per month with 4 years left on lease to own. Purchaser will need to be approved by Speedway (franchisor).

REASON FOR SALE: Health.

SOLD! Unique all-natural beauty products manufactured and distributed from home

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TYPE OF BUSINESS: Unique all-natural beauty products manufactured and distributed from home, all handmade 100% natural & organic bath bombs, gourmet soaps, lotion and shampoo bars, shaving oil, fresh face spritz, exfoliating bars and roll-on perfume. The manufacturing process involves harvesting the absolute highest potency vegetables, plants, nuts, flowers, etc. as ingredients and turn them into gourmet, therapeutic products that will nourish your skin and relax your mind. This is the perfect addition to any income. They have a great on-line present and are in over 100 retail stores in over a dozen states. This business can operate anywhere in the United States.
Additional sales and marketing efforts will produce quick results for new owner.

FACILITY: This business is a home-based business.

EMPLOYEES: Owner

GROSS SALES: Gross Sales for 2018 were $52,000. Gross Sales for 2017 were $62,200. Gross Sales for 2016 were $49,800. Cash flow in 2018 was approx. $11,300.

ASKING PRICE: The owner is asking $39,000 for the business, this includes equipment, formulas, vendor information, client list, logo and all marketing sites. Inventory is approx. $4,000; this is not included in price.

REASON FOR SALE: Other opportunity.

 

 

 

 

Region’s leader in promotional products for over 60 years!

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TYPE OF BUSINESS: This business has been the region’s leader in promotional products for over 60 years. The company offers awards, plaques, trophies, engraving, ribbons, clocks, signage, business gifts, name plates and other promotional products that are custom designed and produced in-house. They have an impressive customer list throughout the United States with many of them as repeat customers. Their customers include sport teams, corporate accounts, school organizations, medical professionals, government agencies to name a few.
Hours are Monday – Friday 8:30 a.m. to 5:30 p.m., Sat.10:00 a.m. to noon, closed on Sun.

FACILITY: This business operates out of an 8,000 sq. ft. space that includes a beautiful showroom, offices and production area. Business could operate out of a smaller space. Seller owns the building; the space can be leased, or building can be purchased.

EMPLOYEES: Owner works the business full-time with 3 other full-time and 1 part-time employees.

GROSS SALES: 2017 sales were $730,000, with a cash flow of approx. $144,800. 2016 sales were $673,300 and the cash flow was approx. $135,000.

SALES PRICE: The seller is asking $430,000 for the business which includes furniture, fixtures and equipment valued at about $35,000. Inventory is not included valued approx. $9,000.

REASON FOR SALE: Retirement.

 

SOLD! Popular Neighborhood Bar & Grill, established in 1977

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TYPE OF BUSINESS: Popular Neighborhood Bar & Grill, established in 1977 with current owner since 1999. Located 2 hours northwest of the Twin Cities. Patrons enjoy an extensive and affordable menu featuring a full bar, assorted appetizers, salads, chicken, burgers, sandwiches and handmade pizzas. This bar doesn’t fall short when it comes to entertainment, giving everyone a reason to visit with occasional theme nights, dancing to DJ’s and live music.
The bar hours are 11:00 a.m. to 1:00 a.m. Monday -Saturday. The bar has Sunday liquor but owner chooses to not to open on Sundays.

FACILITY:
This business operates in a 1,600 sq. ft. building seating for 86 ppl. It has ample street parking with easy access. Building has an apartment upstairs where the manager stays free as part of her pay. The upstairs apartment is about 1000 square feet.

EMPLOYEES:
Owner works full-time with a well-trained manager to cover him when absent. There is one part-time employee as well.

GROSS SALES/ CASH FLOW:
The gross sales for 2017 were $392,600, cash flow including owner benefits in 2017 was approximately $67,800. 2016 sales were $389,300.

ASKING PRICE: The asking price for the business is $150,000, this includes furniture, fixtures and equipment at approximately $17,000. Does not include inventory of $6,000. The building is available for sale for $65,000.

REASON FOR SALE: Other opportunities.

 

Franchise: Venture X, simply provide the modern work space.

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We currently represent industry leaders in their respective industries. They are franchises with tremendous support and training for their franchisees with concepts that are proven in the marketplace and where franchisees are thriving.
This carefully chosen franchise opportunity is:

Venture X franchisees simply provide the modern work space and members buy private memberships, giving them access to open areas or private offices, whichever they prefer.
By 2020, The Bureau of Labor Statistics estimates 65 million Americans will be freelancers, temps, independent contractors or entrepreneurs, making up a full 40% of the workforce. Venture X provides an attractive opportunity for those workers who want to benefit from a rich work community.

Overview:
• Total Investment – $800,000 – $1,200,000 (includes Franchise Fee) w/Financing available.
• $400,000 minimum cash required.
• Franchise Fee – $79,500.
• 4 Weeks of training included in Franchise Fee. Airfare, Hotel are included.
• Royalty – 6% Gross Revenues.

To find out more-with no cost or obligation- call Bill Kraemer at 612-331-8392 or email bill.kraemer@oibmn.com. Listing ID# 1007 b.k.