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1015 S Broadway - Ste 12, Minot, ND 58701
- $299,000
- Year Built: 1962
- Commercial
- Listing #241339
Located within the Town and Country Center along South Broadway in Minot, ND, the franchise owner of Once Upon a Child offers an incredible opportunity. A successful business that is fully operational, Once Upon a Child includes all its inventory and point of sale system. The business is well-established in the community and has an excellent financial record. The upfront costs, like fitting up the lease space, establishing a reputation, and start-up costs, are a thing of the past. Once Upon a Child has been established and fully operational since March of 2022, and the current franchise agreement will be in effect until 2032 (The potential Franchisee may need to verify if the agreement will be the same for the new owner). The business is turn-key ready for the qualified buyer. For the future Franchisee, this situation is ideal. Leasing the currently used storage lockers is possible, and within the same mall, the future tenant would need to negotiate with the Landlord. If you want to own the franchise business, the parent company must approve you; you must be able to finance it. The new business owner, the landlord, and vendors/providers must negotiate lease terms and existing contracts, as they may not necessarily convey to the next business owner. The current owner has shared that health conditions are the primary reason for selling. Access to the financials will require a signed non-disclosure agreement. Approximately $100,000 in inventory is included in the sale.
Price | $299,000 |
---|---|
Year Built | 1962 |
Property Type | Commercial |
Listing # | 241339 |
Status | Active |
Listing Type | For Sale |
Heating and Cooling | Forced Air, Natural Gas, Central |
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MLS Area | SW |
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Courtesy of Neil Gush, Preferred Partners Real Estate
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Estimated taxes and insurance are not included. Sales price from MLS. Mortgage calculator source: NextHome, Inc.