Lakes Area Gallery and Frame Shoppe, located in Crosslake, MN.

TYPE OF BUSINESS:  Beautiful Gift, Art and Framing shop, established over 21 years ago located in a very popular area. They sell prints, canvas prints, posters, originals, framed art, unique furniture pieces, gifts, candles, cards etc. The business enjoys a great reputation and provides its customers with a quality product that is competitively priced. They have a great customer base and on-line presents. The hours are Monday through Saturday 9 – 4, business is located 2 ½ hours north of the metro (Crow Wing County).

 

FACILITY:  The business occupies a building approximately 2,688 sq. ft. space that is part of a quaint shopping area. This beautiful building was built in 2005, wood frame with stucco and brick exterior. The building and property are available for purchase for $270,000.

 

SALES/CASH FLOW:  2021 sales are above 2020 by $30,000 ytd. Gross sales for year ending 2020 were $195,781, 2019 were $191,731, 2018 were $201,728. Cash flow in 2019 was approx. $51,000 to an owner operator. Note :2020 cash flow is approx. the same as 2019.

 

 

ASKING PRICE:  The owner is asking $90,000 for the business, this includes $17,000 in furniture, fixtures, equipment. Inventory (wholesale value) is $60,000 (not included). $270,000 for the building and property.

 

REASON FOR SELLING: Retirement

 

 

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About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to indentify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 28 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 28 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

Contact the listing agent to learn more.