Confidential Foley, MN 56329

Property Details for 0 Confidential

Property type

Commercial real estate

Description

This thriving ladies' boutique and gift shop in Foley, MN, is offered for sale at $578,000, encompassing both the business and its real estate. The business boasts impressive annual gross revenue of $305,696 and a strong Seller's Discretionary Earnings (SDE) of $111,563. Established 16 years ago, this well-regarded business (4.8-star Google rating) benefits from a loyal customer base and prime visibility in a convenient downtown location with ample parking. The 1,770 sq ft space is part of a larger, well-maintained 5,636 sq ft building situated on a desirable corner lot, offering additional space for lease or expansion. The sale includes approximately $7,000 in fixtures, furniture, and equipment (FF&E), and the seller is offering two weeks of support and training. A non-compete agreement is in place for 40 miles over five years. The current owner is retiring, presenting a unique opportunity for an entrepreneur to acquire a profitable, established business with significant growth potential in a vibrant community surrounded by lakes and tourist attractions. The business currently employs one part-time employee. Seller financing of $23,900 is available. The real estate portion of the sale is priced at $299,000. Marketing efforts include Facebook and word-of-mouth referrals.

Location Insight

City

Foley

County

Benton

State

Minnesota

Longitude

-93.908

Latitude

45.7044