Featured Listing: Architectural / Building Salvage Business. NEW TERMS!

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Listing Agent: Bill Kraemer, 612-366-1073
TYPE OF BUSINESS: This well established salvage yard, which was established over 50 years ago by the current owner, buys and sells used “one of a kind” Architectural / Building / Antique items for residential and commercial properties. Samples of the products are lighting, fireplace mantels, buffets, lumber, hardware, doors and windows. The business is well known for their outstanding selection.  The owner’s responsibilities are to oversee the operation and purchase the used inventory.  Owner is willing to work with a new owner after the business has been sold to insure a smooth transition. Hours of operation are 8:00a.m. – 5:00p.m. Monday – Friday and Saturday 8:00a.m. – 1:00p.m. The potential to grow this business is tremendous.   A new owner would want to have all their products available through the internet. Currently, the business has a web site but needs a major upgrade.  This is the largest company of this type in Minnesota. There is a tremendous opportunity to sell these products over the internet.

 

FACILITY:  This business operates in a free standing 93,000 sq. ft. Seller willing to give new owner rent free (building only) for up to 2 years.  The business must re-locate.

EMPLOYEES: 6 full-time and 5 part-time employees.

GROSS SALES/CASH FLOW:  The gross sales for 2012 were approximately $800,000, 2011 were $792,500; 2010 were $1,008,350 and 2009 were $1,046,450. Based on 2012 sales, the owner reports that cash flow was approximately $118,000 ++.

 

ASKING PRICE: The asking price for the business is $250,000, which includes equipment, furniture and fixtures (estimated value $200,000).  The owner is willing to sell the inventory to the buyer on a consignment or floor plan basis.  The buyer will not have to pay for the inventory until it is sold.  The cost of the inventory to the buyer will be negotiated between buyer and owner.  The owner indicates that the cost of the inventory is in excess of $1,000,000.

REASON FOR SALE:  The owner is tired and wants to 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.   7670  b.k.

SOLD! $7.6 Million: Profitable Component Manufacturing

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EXECUTIVE SUMMARY

BUSINESS:

Profitable manufacturing company located in the suburbs of the Twin Cities. This company was established by the current owner in 1986. The company provides complete turn-key solution which  involves design services, component procurement service, component manufacturing, final assembly, X-Ray / AOI service, machining of precision parts, functional / parametric testing and customized packaging. The company enjoys a good reputation, solid clients, very qualified employees and the electronics industry it serves is booming including semiconductor, medical, consumer, and defense. The daily responsibilities of the owner are: oversees accounting and HR department and will get involved with some engineering decisions from time to time.

FACILITIES:

20,000 sq. ft. free standing building built in 1996. The HVAC was replaced in 2011 with a 20 kilowatt solar panel installed on the roof. The seller feels that this facility could approximately double in sales by using all of the square footage available, and possibly running a second shift.

EMPLOYEES:

The business has a staff of approximately 40 employees with long term key employees in place.

REVENUE:

Revenue in 2015 was $7.15M, 2014 was $7.7M, 2013 was $7.1M and 2012 was $6.2M.

EARNINGS:

Cash Flow in 2015 was approximately $900,000 +

ASKING PRICE:

The asking price for the business is $5.7M. Included in the price are the furniture, fixtures and equipment value of approximately $1,100,000 and inventory, which is valued at $900,000 (at cost). The asking price for the building is $1.9M.

NOTES:

Approximately $500,000 is needed for working capital.

Bank financing in place with qualified Buyer.

Buyer will be required to have $1.2M cash at closing.

REASON FOR SALE:

Retire. The seller will provide the necessary training to insure a smooth transition.

 

SOLD! Consignment store-very classy and in a great location

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Consignment store-very classy and in a great location.

Established 21 years and located in a great Twin Cities neighborhood. The owner has decided to retire.

Gross sales about $238,000 in 2015 and the store is very profitable. The owner’s role includes scheduling and daily books. She works about 20 hours per week. Cash Flow to the owner in 2015 was about $80,000.

There are six part time employees. The store is open 7 days per week…

The business leases its 3800 square feet; the lease is a month to month lease at the present time. The landlord is willing to work with the new owner. The store is very attractive and there is ample parking.

The store is well known in the Twin Cities-customers come from both cities and the suburbs. High end-name brand apparel from approximately 3,500 consignors (throughout the year).

The store is for sale for $195,000. The sale includes about $20,000 in store furniture, fixtures and equipment. The owner purchases accessories at a value approximately $3,000 (at cost). This is not included in purchase price.

 

SOLD! C-store located in an extremely busy mall.

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TYPE OF BUSINESS:  This is a c-store located in an extremely busy mall in the Twin Cities.  It has an outstanding location in the mall.  Business has been established since 1992, with the current owner since 2000.  The store sells convenience goods, daily essentials and refueling coffee, snacks and beverages.  The store hours are 8:30-9:30, Monday-Saturday and 9:30-7:30, Sunday.  The owner works the business from 7:30 to 3:30 5 days a week, taking Saturdays and Tuesdays off.  There is tremendous potential to grow this business.

FACILITIES:  The business occupies 500 square feet.  Annual rent is about $115,000.00.  A qualified Buyer can obtain a long-term lease.

EMPLOYEES:  The business operates with 3 regular, part time employees (they have been with business for 15, 8 and 1 years).  Owner states that they are good and very reliable.  They are basically paid minimum wage.  They each work 25-30 each week.  They have another employee available if needed.

GROSS SALES/CASH FLOW:  Gross sales for 2014 were $601,005; 2013 were $553,818 and 2012 were $567,799.  Cash flow to an owner operate is about $95,000.00 annually.

ASKING PRICE:  The asking Price is $250,000, includes $22,000.00 of inventory at cost, plus furniture, fixtures and equipment valued at $100-$150,000.00.  Note:  It is anticipated that the landlord will require the new owner to do some remodeling of the space within 1 year of ownership.  Estimated costs are $60-$80,000.00.

REASON FOR SALE:  Retirement.

SOLD! Historical Dave’s Popcorn and Carmelcorn Stand.

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TYPE OF BUSINESS: Historical Dave’s Popcorn and Carmelcorn. Established over 60 years ago in Minneapolis. Famous for their popcorn selection, flavors are plain, carmel, cheese, herb, triple mix and chocolate. They also serve ice cream and ice cream drinks, shaved ice, hot dogs, nachos and assorted beverages. Owners work full-time jobs – their two children work the business. Because of the owner’s limited availability to work, the hours of operation are very minimal. Hours (currently): Closed Monday & Tuesday; open Wednesday and Thursday 3:00p.m. to 8:00p.m.; Friday and Saturday 12:00p.m. to 8:00p.m and Sunday 12:00p.m. to 6:00p.m.  The potential to grow this business is tremendous. A new owner could be open more days (and months) and more hours.  Owners have been approached to set up at farmers markets, corporate events, graduations, weddings, etc. New owner could offer other food-related items with very little expense. This is easy-to-operate, lucrative operation.

 

FACILITY: This business currently operates out of a 280 square feet building. This is a highly sought after location with huge walking traffic right in front of the business.

 

EMPLOYEES:  2 part-time employees – owner’s children.

 

EQUIPMENT: Furniture, Fixtures and Equipment valued at approximately $9,000.

 

GROSS SALES: N/A

 

ASKING PRICE: The owner is asking $95,000. This includes the building and property estimated value is $70,000, equipment valued approximately $9,000 and inventory approximately $1,500. This is a turn key operation and a perfect opportunity for someone who wants to start their own business or someone that is retired and is looking to earn some extra income.

 

REASON FOR SALE:  Too busy with full-time job.

 

SOLD! TWO Established Off Sale Liquor Stores.

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Type of BusinessTWO Established Off Sale Liquor Stores, located in the Southern/Western suburbs of St. Paul.  Both stores are very attractive and organized. The liquor stores were established in 1995 by the current owner. Both locations are in a great area and they have plenty of room to increase inventory and sales.

 

Facility:   The Businesses are located on a busy road; the parking is ample and the access is easy.  The liquor stores occupy approximately 6,165 square feet and current rent is $9,288 a month, and the other location is 7,054 square feet with current rent of $11,472 a month.

 

Employees:  There are 2 full time employees; both are managers in each location. In addition there are 12 part-time employees. The owner feels that store sales would increase with an owner operator. The owner does not work the business.

 

Gross Sales:   The Seller reports that sales for year ending 2014 were $3,658,444 and sales for 2013, sales were $3,674,029. Cash flow to an owner operator is about $300,000.

 

Asking Price:  The owner is asking $1,100,000 for both locations plus inventory (at his cost). The value of the furniture/fixtures and equipment are valued at about $200,000.

 

Reason For Sale:  Retirement.

SOLD! Two dry cleaners-established in great St. Paul neighborhoods for over 40 years.

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Two dry cleaners-established in great St. Paul neighborhoods for over 40 years.

One location is a fully equipped dry cleaning plant; the second depends on the first location for dry cleaning services and it is contemplated that a purchaser will purchase both locations. Location two is more than a “drop station” however, equipped with washers, dryers, presses etc.

The plant is housed in a 5000 square foot facility. Equipment includes a Vic Dry Cleaning Machine, a Dayton Air Compressor, a Fulton Steam Boiler, clothing racks, steam irons, presses, and all of the necessary equipment and fixtures for the operation (complete equipment lists available).

The second location is equipped with a 2 year old Fulton boiler, a 3 year old Curtis air compressor, washers, dryers, presses and a lot of other items for its operation (complete list available). Second location about 1000 square feet.

The buildings that the businesses occupy are owned by the current business owners; they will lease the facilities for $2750 and $1750 per month respectively..

Sales for both locations in 2014 (down slightly because of the loss of a good account) were $456,188.41. Net profit was $116.597.20 and the owner took a salary of $53,300. The current owners believe that an owner operator can reduce payroll by $70,000 per year. After accounting for rent-cash flow to an owner/operator is about $180,000.

In 2013, sales were $478,132.77.

About 65% of sales were dry cleaning, and about 35% of sales were for laundry services.

The owner is asking $435,000 for the businesses and all assets.

SOLD! Existing Advertising and Marketing Business.

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TYPE OF BUSINESS: Existing Advertising and Marketing Business.

They help local businesses succeed by providing integrated direct mail; online and mobile marketing solutions that help business owners target and retain more of the right customers. They have an Exclusive Territory located in the West and fast growing Northwest Metro. National Franchisor has over 200 franchises and a proven track record that spans over 30 years in the Direct Mail Industry. They offer its Franchisees a recognized training program, ongoing support, mentoring program, unique products and multiple revenue streams. A state of the art order entry system coupled with the electronic transfer of art files automates the entire process: printing, insertion, addressing, shipping and internet placement.

This business is currently operating with 7 zones with 70,000 homes (just added 4 additional zones this past April).  The customer base includes a strong mix of local, regional and national advertisers offering steady cash flow with repeat business. Perfect home based business for pair of owners or husband & wife team who wants a full-time job with flexible hours. Unlimited growth potential for an aggressive team willing to increase amount of mailers per year and work all 7 zones thoroughly. The current business currently mail 10 times per year, going to 12 in 2015. This will increase sales and profits to a new owner. Owner will help train and work with new owner during transition period.

 

FACILITY: This business is a Home Based Business.

 

EMPLOYEES:  Owner

 

GROSS SALES: Gross Sales for 2013 were $381,500. Gross Sales for 2012 were $289,750. Gross Sales for 2014 is tracking over $400,000!

 

ASKING PRICE: The owner is asking $90,000 for the business, this includes a company car professionally wrapped with Franchise Logo worth approx. $2,500. There is a $7,500 Transfer Fee and a Training Fee @ Buyer’s expense.

 

REASON FOR SALE:  Health / Family.

 

 

SOLD! Exterior Maintenance and Remodeling Company.

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TYPE OF BUSINESS: Minneapolis based, Home Exterior Maintenance and Remodeling Company. This is a Full Service General Contracting business that focuses on Roofing, Siding, Soffit/Fascia, Gutters, Windows/Doors, Remodeling and Storm Damage. All craftsmen meet a high standard of performing quality work.

The Sellers have managed the company well and established a great reputation in their service area. This business has an A+ rating from Better Business Bureau and achieved and maintained a Superior Service Rating on Angie’s List.

There are two owners who run a very profitable, well systematized, turnkey business with very little fixed overhead expenses. One owner oversees the “outside” work in the field including managing the sales/project managers, crews (independent contractors), quality control and troubleshooting. The other owner oversees the “inside” work including office admin., proposal/contract approvals, sales meetings etc. Both work between 30 to 60 hours per week depending on the work load.

Hours of operation are 8:00a.m. – 5:00p.m. Monday – Friday.

 

FACILITY:  This business operates in a leased space of 2,592 sq. ft. The business is not location dependent and can be relocated.

EMPLOYEES:  This business has 2 owners with 2 full-time employees.

GROSS SALES/CASH FLOW:  The gross sales for 2013 were $1,774,240; 2012 were $1,764,972 and 2011 were $1,788,915. Cash flow to an owner/operator based on 2013 sales was approximately $319,267.  One owner can replace the two Sellers.

 

ASKING PRICE: The asking price for the business is $895,000. This includes inventory valued at $5,000 and equipment, furniture and fixtures with an estimated value of $60,000. Financing for the business is available to a qualified buyer. Sellers are very motivated. Sellers willing to look at all reasonable offers.

REASON FOR SALE:  Other Interests.

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.   7840 bk

Featured: SOLD! Profitable Ink and Toner Cartridge Refill Business.

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TYPE OF BUSINESS:  This business offers replacement ink cartridges and toner cartridges for all major brands of printers, copiers, fax and postage machines.  This includes HP, Epson, Canon, Brother, Lexmark, Dell and Samsung.  They carry a full line of black ink cartridges, color ink cartridges, black toner cartridges and color toner cartridges.  This business was established in 2006 by the current owners.  The business is located in a first ring suburb of Minneapolis.  The sales are about 50% business and 50% individuals.  The owner works 4-5 days per week with very flexible hours – responsible for the “office work”, ordering, marketing and some deliveries.  New owner needs to spend more time trying to get more business accounts.

EQUIPMENT:   The equipment is in good shape and is well maintained.

EMPLOYEES:  The business operates with 3 part time employees.  1 earns $13/hours and works about 35 hours/ week; 1 earns $10/hour and works about 14 hours/ week and 1 earns $5/ cartridge and works about 28 hours/week.

GROSS SALES/ CASH FLOW:  Gross sales for 2013 were $284,469; 2012 were $295,831, 2011 were $311,977, 2010 were $303,712 and $2009 were $326,696.  Cash flow to an owner operator based on 2013 sales was approximately $65,000.

ASKING PRICE:  The asking price for the business $175,000.00.  Included in the asking price is inventory of about $35,000.00 (at cost) and the equipment, which is valued at $5-$7,000.00.

REASON FOR SALE:  Personal reasons.  Caring for ill parents.

 

Important Notice:  The above information has been provided by the owner.  Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensives.  7819 tg