Gift & Souvenir Shop All 'Made In New Mexico'
Location:
United States
->
New Mexico
->
Sierra County
Industry: Retail > Other Retail
Business Summary
Appraised at $282K April 09, asking just $249,999 for quick sale to right buyers. Opened Sept 06, this shop has over 4,000 items in inventory from more than 100 NM artists, artisans, craftspeople & companies. Unique market niche featuring made in New Mexico creations, gourmet foods, gifts, souvenirs, art, stained glass, ceramics, pottery, apparel, metal art, cards, photography, fiber art, jewelry, purses, scarves, hats, and so much more. Shop is over 3500 sq. ft. and handicap accessible. 5 rooms with bathroom and 4 entrances. South room could be rented out separately. Truth or Consequences is growing, with Spaceport America being built right now, and their gift shop contract is up for grabs. A local shop specializing in NM made inventory would have a leg up on getting that contract. Close to Elephant Butte Lake. T or C also is home of hot mineral water bath houses and city is starting new campaign as 'world's most affordable spa town'. Lots of recent press makes this a town on the rise. This shop is the largest in the entire state to specialize in made in NM inventory. A new website and shopping cart would put it over the top. Current owner has spent 3 years and $50K getting shop to profitability but health issues are causing problems in implementing above mentioned plans. Wants new owners to continue the 'made in New Mexico' theme with their ideas and energy, but doesn't want to just dump the business and sell the building. You can have building and business for under appraised value of building alone with good financials! Contact for more information on this Gift & Souvenir Shop for sale.
Financials
Asking Price Range: < $250K
Gross Revenues:
$80,000
Cash Flow:
$22,000
Cash Flow Type: EBITDA
Inventory: $28,000
Seller Financing: No
About The Business
Year Established: 2006
Number of Employees: 1 - 3
Relocatable: Yes
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: 40 hours minimum, more negotiable.
Reason For Selling: Health (fibromyalgia) and to semi-retire.
Photos
View Larger Photo(s) Of Business
Click on the "I'm Interested" button above for more information on this Retail > Other Retail business for sale.
|
Print Listing Id: 700109234
|
Business and Commercial Loans
Over 300 Lenders are waiting to help you with Financing for Business Purchase, Franchise, Commercial Mortgage or Equipment - Get Financing Now!
|
|
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
|
|
|
