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

Featured

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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.

Featured Listing:Great Cash Flow! Discount Retail Store, SOLD!

This retail store opened 12 years ago located 2 hours Northwest of Minneapolis. The owner has operated this successful business for the past 8 years. When the store first opened they marketed the $1.00 item concept, which they still do, but added items with a higher price tag ($1.00-$5.00). A few of the items sold at the store are: scrap-booking, party items, greeting cards, paper products, cleaning products, health & beauty, tools, toys, crafts and snack items. The owner attracts customers from a 60 mile radius of the location and from neighboring states for the scrap-booking.

FACILITY: The business operates from a 9,000 square foot facility; 6,000 for retail and 3,000 for warehouse. Lease payments are $7,815 including CAM charges.

EMPLOYEES: The owner operates the business with 6-8 part time employees.  The employees are paid between $8.00 and $11.00 per hour.  Owner works an average of 20 hours per week depending on the time of year.

GROSS SALES: 2009-$1,060,000; 2010-$1,020,000; 2011-$1,007,000 and for the period January thru July 2012 – $526,860. The cash flow for 2011 was about $131,400 and for January thru Sept. 2012 was about $136,000.

SALE PRICE: The owner is asking $299,000 for the business and  includes $100,000 in inventory.

REASON FOR SALE: Health

FOR MORE INFORMATION CONTACT: BILL KRAEMER,

bill.kraemer@oibmn.com, 612-331-8392.

IMPORTANT NOTICE: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (d.b.a. Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness.  b.k.