Category Archives: Uncategorized

Art Gallery, Gift and Framing Shop

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TYPE OF BUSINESS:  Beautiful Art Gallery, Gift 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.

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:  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 $98,000 for the business (this includes furniture, fixtures, and equipment), $70,000 in inventory (wholesale value) and $270,000 for the building and property.

REASON FOR SELLING: Retirement.

Established Residential HVAC Business

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TYPE OF BUSINESS: Profitable residential HVAC company serving the metro area for over 27 years. This company sells, installs and services heating and air conditioning units, gas piping, humidifiers, heat recovery ventilators, ventilation, compressed air, exhaust systems etc. They are a certified Rheem dealer however, they sell and service all brands. This company also services commercial business; however, the owner is willing to sell the residential portion independent of the commercial business. The current owner established the company in 1994. The owner works the business full time and is responsible for selling/quoting, scheduling, and ordering parts.  This company is located in highly desirable area in the northwest suburb of Minneapolis. The company has a well-known highly regarded business name with good growth potential.

Contact me for more information on this.

EMPLOYEES: Husband and wife team. Husband handles all services and wife is the office manager. He works about 50 hours per week, and she is about 25 hours per week.

FACILITY:  The company is operated from their home. Hours of business is.

7:00 a.m. – 5:00 pm Mon-Fri.

GROSS SALES/CASH FLOW:  Gross sales for “residential” portion of business in 2020 were $178,509; 2019 were $84,373 and 2018 were $177,986.

ASKING PRICE:  The asking price is $68,000 which includes name of business, company phone number, website, and all residential records.

REASON FOR SALE:  Looking to semi- retire.

Profitable HVAC Business for sale!

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TYPE OF BUSINESS:  Profitable 27year HVAC company in growing metro area serving both residential and commercial clients. This company sells, installs and services heating and air conditioning units, gas piping, humidifiers, heat recovery ventilators, ventilation, compressed air, exhaust systems etc. They are a certified Rheem dealer however, they sell and service all brands. In 2020 approximately 38% of their work is residential and existing homes and the other 62% is commercial service accounts.  The current owner established the company in 1994. The owner works the business full time and is responsible for selling/quoting, scheduling, and ordering parts.  This company is located in highly desirable area in the northwest suburb of Minneapolis.  The company has a well-known highly regarded business name with good growth potential. Owner is willing to sell just the residential portion of the business. Contact me for more information on this.

EMPLOYEES: Husband and wife team. Husband handles all services and wife is the office manager. He works about 50 hours per week, and she is about 25 hours per week. They have enough business to support an additional installer.

FACILITY:  The company is operated from their home. Hours of business is

7:00 a.m. – 5:00 pm Mon-Fri.

GROSS SALES/CASH FLOW:  Gross sales for 2020 were $473,442; 2019 were $467,351 and 2018 were $414,068; Cash flow to an owner operator in 2020, 2019 and 2018 was over $112,000 each year.

ASKING PRICE:  The asking price is $272,000 which includes equipment, vehicle, and trailer valued at about $44,000.

REASON FOR SALE:  Retirement.

8,864 SF Retail / Airbnb located in the “Heart” of Stillwater

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Description: 8,864 SF Retail / Airbnb located in the “Heart” of Stillwater. Building is located on the high demand south side of town, east side of main street, downtown Stillwater. With 3 retail spaces on ground level, total of 5,136 sq. ft. Second-floor area consists of three unique apartments used as Airbnb and Verbo with a total of +/- 3,728 sq. ft. Two of the three units are one-bedroom the other apartment is a two bedroom, all with living/dining room, full kitchen, full bath, and laundry/storage. 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, clear height is about 5’ 8. The roof has a deck at the back of the building with expansive views of the river and bluffs. There is a manager in place that handles all inquiries for the apartments and does the cleaning as well. This is a great 1031 exchange opportunity!

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 approximately 6 years old and appears to be in great condition.  

Interior Features: This property has all three retail spaces leased on main level with all three apartments being rented out a few times a week as Airbnb and Verbo on second level.  These apartments are considered the premier apartments in Stillwater. Building has a combination of wood, tile and carpeted. The walls are a combination of exposed 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 $1,850,000 for the building. The three apartments generate approx. a gross income of $170,200 annually, and the three retail spaces generate approx. $69,600 annually.

REASON FOR SALE:  Other Interest

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.

 

Featured Listing: Investment Property located in Stillwater MN.

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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

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.

Authorized Service Center for electric tools and portable air.

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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.

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.