Gift Shop On Courthouse Square In Loudon Tennessee For Sale

Business description

This successful business has been operating for the past six years in this historic small town that everyone discribes as "Mayberry". A quaint town on the Tennessee river and Ft. Loudon Lake minutes from Knoxville and in the most desirable retirement area in the country. Low cost of living has been a boom to the economy with many baby boomers moving to the area.
The price is for everything except the inventory which will added to the sale price at cost at the time of sale. Prospective buyer will walk through the store with owner and come to that figure together.
This shop is dearly loved in the community and has a loyal following. Specializing in Amish furniture and other country and primitive goods, as well as gift items,toys,cards, candy and Amish chocolates.
The store sits on the best location in town, on the best corner of the courthouse square. This shop has a very loyal following and has a new five year lease that is very inexpensive for the 1800 sq. ft.space. Well below the going rate in Knoxville. The very affordable overhead makes it easy to turn a profit.
This shop is beautiful and charming. Our hours are only 11AM to 5PM at the present but would be well received if the new owners would expand the hours.We have a website that could be used to draw customers but we are not the "tech" type and really use it only to show pictures. Look up the website www.loudonmercantile.com and see for yourself
We are retired and operate the store for the pleasure of seeing the people every day and having a place to go each business day. Even with the limited hours the store has never had a losing month and is thriving.
There is nothing like this store anywhere in the area and has a charm that is truly unique. Perfect for a couple or a single person to operate. Sells turn key with help and support from the present owners. If you want to have fun in your work and make a good living at the same time, this is for you.
Home prices, and cost of living here is truly great. At the foot of the smokey mountains and near so many great recreational oportunities, this is a great place to live and work.
Business is selling for close to asset value. Owners are retired and are having unforseen health problems.

Property information

Real Estate:

Lease

Lease terms:

new five year lease with easy terms and local owner who is retired and owns the building for retirement income.

Leasehold rent:

$12,600 per annum

Location:

The best location in town, right across from the courthouse on the square and one block from a busy highway.

Premises details:

Located on the bottom floor of a large brick building housing the store and three apartments on the upper floors. Safe and protected. Next door is a busy diner and two doors down a landmark ice cream shop right out of a Norman Rockwell painting.

Size in square feet:

1800 Sq. Ft.

Other information

Expansion potential:

Potential unlimited by expanding the hours and using the website that is already established. Owners do not seek new opportunities due to age and health.

Competition / Market:

No competition really of any kind in town. Unique product line and loyal customers.

Support & training:

Present owners will give needed assistance.

Reasons for selling:

Aging owners with health problems

Trading hours:

11am to 5pm five or six days per week.

Furniture / Fixtures value:

$25,000 (included in the asking price)

Website:

www.loudonmercantile.com