Wholesale Distributor “Rep” business of Home Decor.

Featured

Identifier:                          Wholesale Distributor type business of Home Decor.

Description:                       Regional B2B Import and Wholesale Distribution type business providing products for decorative home décor, serving ten Midwestern states (over 4,000 SKUs). The company has developed and maintained an excellent reputation for sourcing other on-trend products from around the world. This established and well-run business comes complete with a seasoned management team in place. All product is “drop shipped” directly to retailers from manufactures. Business drop shipped over $23 million in product for 2019.  An ideal buyer would be motivated, organized and has  some experience with retail/merchandising,  imports and distribution, although no specialized training or licenses are required.

Market:                              Currently working with 35 Conventional and Independent retailers within a ten-state trade area.

Revenue:                           2019 revenues were approx. $818,800. 2018 revenues  were approx.$ 775,500

2020 pre-season orders are equivalent to 2019 orders.

Earnings:                           Seller’s Discretionary Earnings in 2019 were approx. $194,000.

Founded:                            1955

Reason for Sale:             Other interest.

Management:                   The owner is committed to an orderly transition and will help with training.  All other employees are expected to stay on after closing.

Employees :                      6 full-time employees and 2 part-time.

Facilities:                           Leases 1,950 sq. ft. office/showroom

Future:                               The company is well positioned for future growth and earnings.  Company has access to products from current vendors that aren’t being sold to existing customers . Categories such as pets, housewares, candy etc. The company has developed extremely valuable distributing relationships in China and USA.

Price/Terms:                     $795,000, includes all equipment ( $20,000 in value) and goodwill. Seller will finance a portion of this deal to a qualified buyer.

Seller will retain all accounts receivable.

Fee:                                     Seller

Contact:                            Bill Kraemer: bill.kraemer@oibmn.com or 612-331-8392.

Subway: Cash Flow over $47,000

Featured

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.

Electronic Assembly Services

Featured

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! Established Off Sale Liquor Store, located 2 hours northwest of Minneapolis.

Featured

Type of Business: Established Off Sale Liquor Store, located 2 hours northwest of Minneapolis. The store is very attractive and nicely appointed located on a high traffic Hwy. There is no threat of a national liquor-chain moving in the area due to the two closest cites own “municipal” stores. The business was established 10 years ago by the current owner, who works the business. Limited competition.

Facility: The liquor store occupies approximately 8,000 square feet out of a 12,000 sq. ft. building. The building is for sale as well. Asking price for building and 5 acres of land is $550,000. There is a tenant that leases 4,000 sq. ft. in place. The lease payment is $2,500 plus property tax and utilities.

Employees: There is 1 full time employee with the owner.

Gross Sales: Sales in 2018 was $1,190,083, sales in 2017 were
$1,228,619. Sales in 2019 through May are $390,692 Cash Flow for 2018 was approx. $139,700 plus additional income from leased space of $35,700 to an owner operator, if the building is owned.

Asking Price: Business: $370,000, this includes $47,000 in F,F&E. $200,000 in inventory is not included.
Building and Property: $550,000.

Reason For Sale: Other interests.

 

SOLD! Rental Business – Family Owned & Operated.

Featured

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.

Featured

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

Featured

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.

Authorized Service Center for electric tools and portable air.

Featured

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.

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

Featured

 

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.

 

Must sell! Restaurant with Building

Featured

Plate of Margherite Biscuit with Espresso

TYPE OF BUSINESS: Well-known Restaurant and Bakery established 31 years ago, located in the Twin Cities area. This business is known for its great service, extensive breakfast and lunch menu, and their homemade pastries and pies. The present owner has owned this business for past 13 years and has developed a loyal customer base.

FACILITY: This business operates in a 4,200 sq. ft. free standing building, built in 1977 located on a .79-acre lot with ample parking and easy access.

EMPLOYEES: Owner works full-time with well trained staff in place to cover her when absent. 5 full-time and up to 15 part-time employees.

GROSS SALES / Cash flow: The gross sales for 2017 were $1,082,171, cash flow in 2017 was approximately $125,400. 2016 sales were $1,147,362, cash flow in 2016 was approximately $137,300.

Additional Comments: You have a choice to keep it as a franchise or drop the franchise and add your own twist. FYI, seller paid $41,540 in franchise and marketing fees last year (this is not in the cash flow). There will be a transfer fee and training expenses as well if you choose to keep it as a franchise.
Owner will work with the new buyer to insure a smooth transition.

ASKING PRICE: The asking price for the business and building is $800,000. The breakdown is $20,000 for the business, this includes inventory of approximately $4,500 and furniture, fixtures and equipment at approximately $75,000. $780,000 for the building and property. .

The land and building are for sale, .79 acres with a 4,200 sq. ft. building. The asking price is $780,000.

REASON FOR SALE: Retirement.