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Savage, Minnesota

  • Listing No.: 219-20584

  • Category: Retail

Asking Price $525,000
Down Payment $450,000
Gross Revenue $1,065,084
Total Adjusted Net Income $208,182
Equipment / Fixtures $41,052
Year Established 2012
General Location Savage, Minnesota
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Starting with only 1,400 square feet of space, the business expanded to 2016 to almost 2,700+ square feet to accommodate an exponentially growing business. Over the last 7 years, sales have grown each year. Now with over 8,000+ purchasing customers, the business is well established with a great reputation within the Savage/Prior Lake/Shakopee area. Surrounded by one of the fastest growing communities in the Twin Cities area, the location grosses the highest (franchisee-owned) sales within the franchise system. Retail space is in turnkey condition, without the need for any major leasehold improvements.  All fixtures, furniture, computers, etc are up-to-date. This opportunity will not last long!!

Gross Revenue $1,065,084 Listed Price $525,000
Total Income $208,182 Down Payment $450,000
Base Rent $3,328 Square Feet 2662
Total Rent $4,242 Lease Expiration 12/2022
Rent Deposit $2,904 Lease Options 1/5
Inventory $53,323 Leasehold Improvements $76,000
Equipment / Fixtures $41,052 Other Assets
Full-Time Employees 3 Training Period Fourteen (14) days
Part-Time Employees 5 Special License Required
Contract Staff Reason for Selling The sellers has recently welcomed there first child into their lives and want to dedicate more time to him.

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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