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1585 Niagara

Montrose, CO 81401
  • $475,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 815043
UPDATED: 105 min ago
$475,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,200
    SQFT
  • $396
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1964
County:

School Ratings & Info

Listing courtesy of RE/MAX Alpine View: 970-249-6658.


Description

The business and real estate next door just sold for $650,000! This business nets over $150,000 a year and the sales increase every year. Includes the books or Profit and Loss statements buyers would need. Owned and operated by one person working 40-50 hours weekly. Currently, there is more than $250K worth of inventory, equipment and fixtures, and that amount will be guaranteed at the time of transfer. From 2017-2022, 100% of revenue came from online sales. In 2023, 'brick and mortar' operations quickly eclipsed those sales, largely due to a local market ripe for hard-to-find and gently-used outdoor gear and sporting goods at reasonable prices, little competition and a loyal following of customers dating back to 2014. Rentals (paddle boards, snowboards, XC skis, climbing gear, river/snow tubes, kayaks, inversion tables, gym equipment, etc.) provide an additional revenue stream that will continue to grow over time. Many of those rentals are 'converted' into sales. Currently operating from a 1200 sq. ft. commercial building, one 40' x 8' x 9' shipping container, two 20' x 8' x 8.5' shipping containers and two 22' x 8' x 9' steel buildings with roll-up doors. Extremely high traffic exposure. The shipping containers and sheds include heavy duty pallet racking and shelving that are appurtenant to those structures, not the business. Business, equipment, fixtures and inventory can be purchased for $275K cash. Includes 80 hours of training/support - beyond that, additional support/consultation is available at a $25 hourly rate. The business is debt-free. Business and building can be purchased together for $475K. Business is ripe for rebranding! It is extremely rewarding both financially and emotionally, and there is so much untapped potential. Imagine what you could do just by expanding retail hours from 26 hours weekly to 40-50 hours weekly? The seller has a proven track record for starting and selling successful businesses. Seller is willing to carry up to $50K at 4% interest amortized over 15 years with a 5 year balloon payment.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-07-24T06:57:10.723.
www.destinationdro.com/homes/151881557
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1585 Niagara Montrose, CO 81401

  • Price: $475,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 105 min ago
  • MLS #: 815043
0
Beds
1
Baths
0
½ Baths
0.16
Acres
1,200
SQFT
$396
$/SQFT
1964
Built
Neighborhood:
Montrose City
County:
Montrose
Area:
Montrose City
Property Description
The business and real estate next door just sold for $650,000! This business nets over $150,000 a year and the sales increase every year. Includes the books or Profit and Loss statements buyers would need. Owned and operated by one person working 40-50 hours weekly. Currently, there is more than $250K worth of inventory, equipment and fixtures, and that amount will be guaranteed at the time of transfer. From 2017-2022, 100% of revenue came from online sales. In 2023, 'brick and mortar' operations quickly eclipsed those sales, largely due to a local market ripe for hard-to-find and gently-used outdoor gear and sporting goods at reasonable prices, little competition and a loyal following of customers dating back to 2014. Rentals (paddle boards, snowboards, XC skis, climbing gear, river/snow tubes, kayaks, inversion tables, gym equipment, etc.) provide an additional revenue stream that will continue to grow over time. Many of those rentals are 'converted' into sales. Currently operating from a 1200 sq. ft. commercial building, one 40' x 8' x 9' shipping container, two 20' x 8' x 8.5' shipping containers and two 22' x 8' x 9' steel buildings with roll-up doors. Extremely high traffic exposure. The shipping containers and sheds include heavy duty pallet racking and shelving that are appurtenant to those structures, not the business. Business, equipment, fixtures and inventory can be purchased for $275K cash. Includes 80 hours of training/support - beyond that, additional support/consultation is available at a $25 hourly rate. The business is debt-free. Business and building can be purchased together for $475K. Business is ripe for rebranding! It is extremely rewarding both financially and emotionally, and there is so much untapped potential. Imagine what you could do just by expanding retail hours from 26 hours weekly to 40-50 hours weekly? The seller has a proven track record for starting and selling successful businesses. Seller is willing to carry up to $50K at 4% interest amortized over 15 years with a 5 year balloon payment.
Exterior Features

Acreage Range .5-.99 Carport No Construction stick/wood Lot Dimension 0.67 ac. Parking On StreetOff Street2-10 Total Spaces Property Description Corner Roof Rolled Asphalt Sewer Public Sewer Installed Stories 1 Street Description City/Town Water Public Water Well No Waterfront YN No

Interior Features

Ceiling Height 8' Cooling swamp cool Cooling Type Evaporative Cooler Finished Sq Ft 1200 Flooring LaminateTile Foundation Slab Heating Fuel Source Natural Gas Heating System Forced Air Heating System1 Gas Lighting FluorescentOther Main Sq Ft 1200 Number Dock Hi Doors N/A One Quarter Baths 0 Total Offices 0

Property Features

American Disabil Act Yes Approx Inv 230000 Available Utilities CableElectricInternetSanitary SewerWater Books Available Yes Cam No Covenants NO Current Use Retail WarehouseShowroom Desc Of Business Used sporting goods store Documents On File Equipment ListProfit/Loss Exchange Trade No Existing Utilities ElectricInternetNatural GasPhoneSanitary SewerWater Fixtures Included Yes Inventory Included Yes Lease Included No Net Operating Income 150000 New Construction YN No Owners Association No Possible Property Use Mixed-UseProfessional/Medical Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2023 Total Taxes 1364.92 Total Water Meters 1 Type Retail Variable Rate No Water Rights No Year Started 2022 Zoning Type CommercialMixed Use

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-07-24T06:57:10.723.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of RE/MAX Alpine View: 970-249-6658.