Eclectic Retail Store in Durango, CO, Semi-Absentee owner

Durango, CO

Seller Financing Available

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Asking Price:$325,000
Gross Revenue:$617,509
Rent:$6,303
Established Year:1990
Cash Flow:$124,075
Inventory:$65,000
FF&E:$26,000
BUSINESS DESCRIPTION

A retail haven with a unique blend of accessories, gifts, and clothing awaits new ownership. Serving women, men, and children, this establishment stands out by offering globally sourced treasures not found elsewhere in Durango. In operation for 33 years, it's a local gem and a tourist hotspot on historic Main Avenue. The shop's affordability, high-profit margins, and extensive room for growth make it a lucrative venture. With a part-time staff of 5-8, one part time working owner who works 15 hours a week and travels extensively, and a generous seller financing option, step into this thriving business. Your opportunity to own a Durango institution awaits. The business is operated 7 days a week from 9am-9pm during the summer months and 9am-7pm during the winter. Seller is ready to retire and willing to finance up to 50% of the sale price for qualified buyers.


DETAILED INFORMATION
Location
Durango, CO
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,550
Lease Expiration
01/09/2023
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The company is located in downtown Durango, CO, in highly visible and well trafficked location on historic Main Ave. The location is well maintained and in excellent condition. The facility consists of approximately 3600 square feet of retail space with a 950 sf basement and office space. The facility has easy access, good visibility, and is operated seven days a week from 9am to 9pm in the busy season, and 9am-7pm in the slower winter season. Parking is paid street parking.
Financing
Yes, up to 50% at 8% Interest
Support & Training
30 days.
Reason for Selling
Retirement
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Jennifer
Sokol
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Jennifer Sokol