885 Madison Avenue Mankato, MN

Location

885 Madison Avenue Mankato, MN

Asking Price

$145,000

Overview

Finished Square Feet 0
Bedrooms
Bathrooms
Garages stall(s)
School District
Type Business Opportunity
Stories
Roof Type
Exterior Type

Description

Hilltop Florist has served Mankato and the surrounding communities for several generations and customers know Hilltop Florist as the premier source for flowers, plants, stunning floral arrangements, wedding decorations and design consultation, home d├ęcor and unique gift offerings. This business truly is one of Mankatos iconic brands with a long-standing excellent reputation. Consistently named Mankatos Best Florist! The service team and award-winning designers prides itself on prompt and attentive care and establishing long term relationships with all of their clients. The team also provides consulting for weddings, funerals, and other special occasions. Customers may shop in the retail store during weekly retail business hours or place an order 24/7 via the website. Purchase price includes long established brand name and reputation in Southern Minnesota. All furnishings, fixtures and floral equipment needed for this turnkey business; including a Dodge Caravan, Rav4, Ford Transit Van for deliveries and all retail store inventory in stock as of closing date. The new owner will have multiple opportunities to grow the business: developing more corporate relationships, increasing the online presence, adding more workshops and special group gatherings, and expanding product lines. With a turnkey CRM including retail cash register software, a mobile ready website and a known brand name - creating satellite stores in the region are strong opportunities for a new owner. Owner will provide training at no additional cost to buyer up to 80 hours total for the first 4 weeks after closing. In addition, the owner will consult buyer via telephone for up to 6 months post-closing. Prime location along high traffic Madison Avenue and located right next door to the soon to be developed Starbucks. Well maintained building features 3283 SF of retail space with 2 restrooms and 3 office areas. The attached 3156 SF greenhouse can be transformed into a beautiful event space and there is plenty of warehouse space in the 1392 SF 3 stall garage. Power OH doors are 9 ft x 9ft. Property has easements in place for use of entire East side parking lot and secondary entrance from Dane St. Real Estate not included in the purchase price. Business only assets offered at $145, 000. Business buyer may lease the 3200 SF retail space at a rate of $4000 per month or has the option of moving business to a different location if desired. Real estate offered at $1, 230, 000. Creative options available with this prime highly visible Mankato Hilltop location. Sellers prefer to sell business and real estate as a package deal but open to property redevelopment ideas or selling the business assets separately. Lease option available only if tenant continues current business operations.