Hobby Shop Products and Services

Not Disclosed, ND
Cass County

Asking Price: Annual Revenue:
$275,000 $864,225

Retail: General Merchandise - Retail

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RE: Hobby Shop Products and Services Broker: Brad Sturn
Owner Financing is Available!
$220,000 down/$55,000 over 60 months @ 8%.

Quick Facts

Asking Price: $275,000
Annual Revenue: $864,225
Net Profit: Not Disclosed
Cash Flow: $157,900
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 5
BBN Listing #: 31554955
Broker Reference #: 5302-16599

Email or Print Listing

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Business Overview:

This Hobby shop has been in business since 1984. It has been in 3 different locations, 2 in Moorhead and the current location in Fargo. They are a retail store selling radio control cars, planes, and boats, model railroading supplies, plastic and wood models and accessories such as paints, glue, etc.; and other smaller departments like slot cars and gaming miniatures. They have a well-trained staff to help the customer in their buying decisions. They have a full-time manager and assistant manager that handle most of the day-to-day operations. The owner is involved with general guidance and bookkeeping.

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Property Features and Assets:

The store is located in a strip center called the 45th Street Marketplace, there are 2 buildings in the complex and both share a large parking. The strip centers are located off 45th Street in Fargo, which is a very busy north-south arterial street and is just north of Interstate 94. There is also a Home Depot within walking distance. Currently they lease approximately 1,584 square feet. Assets = $124,000.

Market Competition and Expansion:

They have had a number of competitors in the local area that have come and gone, they are currently the only full line hobby store in the area. When the business moved to Fargo, ND from Moorhead, MN in 2016, they say an immediate rise in sales. In early 2017, their only significant competition closed down and sales started to steadily increase. When the pandemic hit, people were looking for things to occupy their free time, which made 2020 a record year for them, and 2021 is projecting to be higher. The future in this industry and for this business looks to be very bright. The current management staff has been talking about expanding their footprint to take advantage of more mail order business.

Reason for Selling:

Health and Retirement.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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