Sedona Arizona Successful Artistic Retail Business For Sale

Business description

Artistic Boutique for sale in Tlaquepaque Arts and Crafts Village the most distinctive shopping experience in Arizona and the Southwest.First Floor location in this upscale center comprised of over 40 Shops, Galleries and Restaurants. The center is 100% occupied. This Artisan Emporium has been in existence for over 30 years, representing over 100 craftsmen.The same ownership since 1984. Documented record of Positive Cash Flow.

Property information

Real Estate:

Lease

Lease terms:

Current lease expires in March of 2012 with two five year renewal options. Therefore Eleven years of possible lease term

Leasehold rent:

$58,792 in 2010 per annum

Living accommodation:

NA

Location:

Tlaquepaque Arts and Crafts Village in Sedona , Arizona at 336 State Route 179, Sedona, AZ 86336. Tlaquepaque is the most distinctive shopping experience in Arizona and the Southwest. The Business has a first floor location adjacent to parking and Oak Creek. Tlaquepaque is authentically fashioned after a traditional Mexican Village and has been a Sedona landmark since the 1970's. Sedona receives on average 4 million tourists per year, most if not all visit Tlaquepaque. The center is comprised of over 40 specialty shops, exclusive Galleries and Restaurants. Tlaquepaque has been and continues to be 100% occupied. Additional information about the location is available on www.tlaq.com.

Premises details:

The shop is located on the first floor and has been in place for over 30 years. It has a prime location in one of the courtyards comprising Tlaquepaque. It is adjacent to a parking area and the renowed Oak Creek traversing through Sedona. The exterior is a traditional Spanish/Mexican Hacienda.

Size in square feet:

912

Business Operation

Expansion potential:

The center is 100% occupied. There is limited physical expansion possible. However, this business has never advertised nor availed itself of the internet and online marketing. The business has a long record of repeat clients that can be contacted with a fresh marketing approach.

Competition / Market:

There are a number of other specialty stores and galleries. This store is one of if not the oldest in the shopping complex. It is acknowledged by the Shopping center ownership to be one of the oldest and most consitent business operations in the center.

Reasons for selling:

The owners are seventy years old. They are absentee owners living over 100 miles from the business and are experiencing some health issues.

Trading hours:

The Tlaquepaque trading hours are daily from 10 am to 5 pm, with extended evening hours on certain weekends and holidays.

Employees:

2

Years established:

Over 30 years with the current ownership in place since 1984 and at the same location .

Other information

Support & training:

The current owners are willing to be available for a pre determined period of hands on training and support.

Furniture / Fixtures value:

$60,000 (included in the asking price)

Website:

Please click here to view the link

Relocatable:

This business can be relocated.