Very popular Sturgis Office & Printing w/ RE - $200k for bus./$895k RE

Sturgis, SD (Meade County)

Raincatcher
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Asking Price: Get Financing: $895,000

Gross Revenue: N/A

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: 6,000

FF&E: N/A

Year Built: 2009

Very popular Sturgis Office & Printing w/ RE - $200k for bus./$895k RE

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Property Description

Price location in Sturgis with established and reputable office supply/printing

The company is a South Dakota-based company that is currently up for sale to qualified buyers exclusively through Raincatcher. The company is the only office supply company in its town and opened its doors in 1938. The store was purchased in 1985 and moved to its current location in 2009. As the only local office supply store in its city, the company provides an ideal opportunity for a buyer to enjoy predictable cash flow and return on investment from both the local community and vendors of the annual Sturgis bike rally.

In addition to being the only office supply and printing store in its vicinity, the company is in a unique location that allows it to profit from the annual Sturgis bike rally – and there is potential to profit even further from this location. The annual rally occurs during the first full week of August each year. The area’s local news reported that the 2017 Sturgis rally attracted a half million people to the area. According to the report, the estimated impact of the annual rally is $738 million. The city manager and local business leaders held a two-day summit after the rally to discuss planning and marketing for 2018.

The company’s current owner reports that there is a spike in business every year in late July from rally vendors who come into town early to set up. Some of the businesses around the company rent their parking lots and/or buildings to vendors for the rally. These rentals command high fees. The parking lot across the alley from the store rents for approximately $50,000 for two weeks during the rally. Additionally, the owners of another local business receive $50,000 each year to rent space to a rally vendor. This space is about half the size of the company’s parking lot. The company does not currently rent its space and there are backroads that locals can use to access the store despite the crowds that are in town for the rally.

Purchase Considerations:
* A well-established company that has been around for 79 years
* The only office supply company and print shop in town
* Excellent customer service with 95% repeat business.
* Prime location for the annual Sturgis Rally
* Opportunity for strong margins.

The company is wholly owned by its operator, who plans to retire following the transaction. This is an asset purchase that includes all the assets of the Company. The asking price is $200k for business and $895k for real estate + Inventory.

To view the prospectus for this business, please visit https://listing.raincatcher.com/listing/sd-office-supply-company/ and follow these steps:

1) Select "Login to Sign NDA" to the right

2) Select "Not a Raincatcher buyer member yet? Click here to create an account and get exclusive access to our premium business-for-sale listings..."

3) Enter your information and click on "CLICK HERE TO SIGN NDA"

4) Scroll to the bottom of form, sign your name in the "Receiving Party" box, input your company title and then click "SUBMIT"

5) Click "Continue.."

6) Click button "ALMOST DONE! CLICK HERE TO TELL US WHAT YOU'RE LOOKING FOR"

7) Fill out form with your business acquisition preferences and click "SIGN UP"

8) Check your email for an email from Raincatcher Team "support@raincatcher.com" with the subject "your name, here’s your username and password to access the Raincatcher listings" --- your user name and password will be included in this email.

9) Click on the URL in the email https://listing.raincatcher.com/login

10) Enter your username and password and click on "Login"

11) Click on the listing under Signed Listings to access and download the Prospectus. You can also submit questions about the listing by clicking on "ASK A QUESTION"

Detailed Information

Type:
Retail
Building SF:
6,000
Building Status:
Established
Facilities:
Prime location - 6,000 square feet facility Businesses around the company rent their parking lots and/or buildings to vendors for the rally. These rentals command high fees. The parking lot across the alley from the store rents for approximately $50,000 for two weeks during the rally. Additionally, the owners of another local business receive $50,000 each year to rent space to a rally vendor. This space is about half the size of the company’s parking lot. The company does not currently rent its space and there are backroads that locals can use to access the store despite the crowds that are in town for the rally.
Current Property Expenses:
5.4% property taxes
Business Website:
http://listing.raincatcher.com/listing/sd-office-supply-company/
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Keith Marlow

Property Listed By:
Keith Marlow

Raincatcher

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Sponsoring Broker:
Keith Marlow

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