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November 30, 2020

Business For Sale in Ely, Minnesota

Property # 1178382 Available $495,000.00

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   Business Information

Business CategoryRetail
Other BusinessFireplace & Woodstove Retailer
Business NameHearthside Corner
Property Address 11203 Sheridan St
Property Address 2n.a.
Property Town/CityEly
Property CountySaint Louis
Property StateMinnesota
Property ZIP/Postal Code 55731
MLS #n.a.
Building Sq. Ft.3,400
Lot Size Sq. Ft.9,375
Lot Frontage Ft.n.a.
Lot Depth Ft.n.a.
No. Parking Spacesn.a.
Year Established1998
Business Description Specializing in sales, installation and service of wood burning, gas and pellet hearth products and Stone fireplace construction. Sales of freestanding stoves and inserts as well. Great relationships with several custom home builders. Real estate, inventory and equipment included in sale.

Property Description A charming retail showroom of 1200 square feet includes many burning fireplace and woodstove displays. Excellent location on busy main street of beautiful northern Minnesota tourism town.
Area DescriptionNorthern Minnesota Tourism Town.

   Financial Information

Sales Price $$495,000.00
Gross Revenue $$579,243.00
Total Expenses $n.a.
Taxes $n.a.
Net Operating Income $$122,193.00
Cap Rate0.00%
Year Ending2019
Lease Endsn.a.

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