Gift Shop/Tea Room - #1664
Iowa
Food and Beverage - Restaurants  |  Retail Stores - Other Retail Stores
Seller Financing Available
Asking Price:   $880,000Inventory:   $260,000 ++
Gross Revenue:   $345,230Real Estate:   $435,000 ++
Cash Flow:   Not DisclosedFF&E:   n/a
++ included in the asking price         ** not included in the asking price
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.
About the Business
Year Established:1981
Employees:4 full time - 15 part time
Market Outlook and Competition: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.
About the Sale
Management Training and Support:Seller will work with buyers as required to give full operational knowledge to help insure success.
Reason For Selling:Retirement in Texas
Seller 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.

KEYWORDS: restaurant, retail, cafe, catering, coffee, sandwich, eating, food, books, clothing, gifts


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Seller ID:1664
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Business Listed By
Brian Henderson  |  The Henderson Business Group, Inc
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