Business for Sale
Gift Shop/Tea Room 1664 |
| , Iowa |
| Since opening in 1981, this business has been very successful. In 2007 it was hit with a “perfect storm” of the economy, energy prices and a local major business closing. That business has re-opened and economic conditions have improved, so this 6000 sq. ft. tea room/gift shop is rebounding strongly. The tearoom has a full menu, home made desserts and is a meeting place for many scheduled parties and special occasion celebrations. The gift shop has many theme rooms for home, jewelry, children, and kitchen, etc. There is a wonderful partially furnished apartment above the store an owner could live in. |
|
Financials |
| Price: $880,000 |
| Gross Income: $345,230 |
| Cash Flow: $0 |
| FFE: $0 |
| Inventory: $260,000 |
| Real Estate Value: $435,000 |
About the Business |
| Office Reference ID: #1664 |
| Year Established: 1981 |
| Financing: Recognizing the business is on the road to recovery, the sellers will help finance. To what extent depends on the need and financial strength of the buyer. |
| Training: Seller will work with buyers as required to give full operational knowledge to help insure success. |
| Facilities: |
| Competition: |
| Growth: With the reopening of Hotel Pattee and the completion of the Bike Trail, the stabilization of energy costs and the reduction of expenses, visitors and business are on the way up. More promotion to attract bridal showers, birthday parties, family events, etc. has been very helpful. The online retailing should continue to be expanded and there is a new, still in the package, mat cutter to start picture framing. Experience has given the sellers several ideas to share with a new owner to expedite profitability. There is also a wonderful, partially furnished apartment above the store. |
|
| Business Listed By |
| Name: Brian Henderson |
| Company: The Henderson Business Group, Inc |
| Phone: 515-727-4300 |
|
| The information in this listing has been provided by the business seller
or representative stated above. BusinessToBuy.Net has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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