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Business For Sale

Gift Shop/Tea Room

Not Disclosed, IA, USA

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$880,000
$345,230
Not Disclosed
Not Disclosed
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1981
19
19927370
Owner Financing is Available
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.

Business for Sale Overview:

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 6,000 square feet 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.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

There is a large number of cultural, historical, educational and natural attractions within a 30 mile radius that bring tourists and locals in proximity to this business for a snack, lunch or dinner which also results in purchases from the gift shop.

Market Competition and Expansion:

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.

Reason for Selling:

Retirement in Texas

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.
 

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