TYPE OF BUSINESS: Very Profitable Embroidery, Apparel, customized Promotional Products, Digital Marketing and Print Service business located in a very “desirable” area. The business offers the customer a “one-stop-shop” concept where they can choose their product and try on various items. They have an impressive customer list where many of them are repeat customers. Their customers include corporate accounts, school organizations, medical professionals and government agencies. Corporate and business clients account for approximately 85% of total sales.
Hours are Monday – Friday 9:00 a.m. to 6:00 p.m. Closed Sat and Sun.
FACILITY: This business operates out of a 3,000 sq. ft. retail space that includes a beautiful showroom and production area. The lease is $5,118 per month which includes all utilities and prop. taxes. Lease expires March 2022 with an option to renew.
EMPLOYEES: Owner works the business full-time with 3 other full-time employees.
GROSS SALES: 2019 sales were $1,352,374, with a cash flow of approx. $224,000. 2018 sales were $1,059,865. Sales through June 2020 are approx. $695,789. Sales through June 2019 were $597,633. 2020 is up $98,000 over 2019 through June.
SALES PRICE: The seller is asking $595,000 for the business which includes furniture, fixtures and equipment with an estimated value of $100,000 and Inventory estimated at $1,000. The Buyer is expected to pay the $29,500 transfer fee that covers training from corporate, etc.
REASON FOR SALE: Other business opportunity.
Subway specializes in sandwiches “built” to each customer’s request. They are known for fresh baked breads, wide variety of meats, cheeses and vegetables. The menu includes breakfast, sandwiches, fresh fit choices, salads, fresh fit for kids, sides, drinks and extras. Subway also offers catering with piled-high sandwich platters, giant subs and assorted desserts.
Today, the SUBWAY brand is the world’s largest submarine sandwich chain with more than 44,000 locations around the world.
This location is located inside of a Walmart, with all the equipment and inventory needed in place to ensure a smooth transition.
Owner purchased this location 10 months ago. Owner needs to spend more time at home with new baby.
FACILITY: Walmart, 900sq. ft. Monthly rent is approx. $1,600, this includes CAM and property tax.
EMPLOYEES: 1 Full-time manager and 5 Part-time.
GROSS SALES: 2019 Sales were approx. $319,531; 2018 Sales were approx. $274,000. Cash Flow in 2019 to the owner operator was approx. $47,537.
ASKING PRICE: The owner is asking $70,000 for this location. An “average” start-up cost for a Subway restaurant like this is $250,000. This includes approx. $25,000 in equipment and approx. $4,000 in inventory. The Buyer is responsible for an approx. $5,000 Franchisor’s Transfer Fee and 2 weeks of Franchise School in Connecticut.
Franchisees pay 8% in royalties and 4.5% in franchise marketing fees (subject to change). Buyer must be approved as a franchisee by corporate and training will be mandatory.
REASON FOR SALE: Family.
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.
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.
Description: This charming 10,000 + sq. ft. building is located on the high demand south side of town, east side of main street, downtown Stillwater. With 5,200 sq. ft. ground floor and 3 retail spaces, second-floor area of +/- 4,900 sq. ft. The ground floor has a 12’ ceiling height with a tin ceiling, plaster walls and hardwood floor; the basement is 4,000 sq. ft. and is used for storage. The basement is dry, with no signs of water problems. Clear height is about 5’ 8”. The second floor has three unique apartments used as Air B&Bs. All three units are one-bedroom, living/dining room, Kitchen, full bath and laundry/storage. The roof has a deck at the back of the building with expansive views of the river and bluffs.
Exterior Features: The building is mill construction with brick walls and wood posts and beams. The brick walls are exposed in the apartment units and plastered/brick in the retail units, the roof is a rubber bladder that is flat with a pitch. The roof is 5 years old and appears to be in great condition.
Interior Features: This property has all three retail spaces leased with all three apartments being rented out a couple times a week as Air B&B. Building has a combination of wood, tile and carpeted. The walls are a combination of brick, drywall and plaster. Ceilings are painted drywall, tin and open. The building uses forced air for heat and cooling.
Age / Condition: Built in 1858. The interior and exterior are in good condition.
ASKING PRICE: The owner is asking $2,100,000 for the building. The three apartments generate approx. a gross income of $125,000 annually, and the three retail spaces generate approx. $58,800 annually.
REASON FOR SALE: Other Interest
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.
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.
TYPE OF BUSINESS: Authorized Service Center for electric tools and portable air. This company is a third-generation family owned business and has been serving the metro area for over 40 years. The company offers repair / rebuild services for all types and models of power tools for over 20 different manufactures. Some of the assets include Skidmore-Wihelm torsion tester for impacts, hydraulic press, metal turning lathe, air compressor etc.
The market is short of existing service companies here in Minnesota that can satisfy the ever-increasing demand for services. There are plenty of opportunities to expand the services to selling new tools, bits, fasteners and repairing small gas motors for generators, lawn and garden equipment etc.
EMPLOYEES: Owner works 40 hours per week oversees sales and services tools with 2 full-time employees.
FACILITY: Building is 2,700 sq. ft. with a ceiling height of 13’4” and 220v power. Parking lot is 4,836 sq. ft. Building is available for sale as well.
GROSS SALES: 2017- $214,333, 2016-$259,919.
SALES PRICE: The seller is asking $70,000 for the business (client list, goodwill, trade name, and other intangible assets) which includes equipment approx. value $58,000 and Inventory is approx. $12,000. Asking price for the Building and Property $325,000.
REASON FOR SALE: Retirement.
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.
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.