Made In New Mexico Specialty Shop And Building For Sale

Business description

Only art space/gift shop specializing in genuine New Mexico made items in all of SW NM. Absolutely BEST commercial business deal in Sierra County! Building ALONE appraised for $247,000 in April 09. Over 4,000 items in inventory from more than 100 different NM artists, artisans, craftspeople & companies, with prices ranging from $1.00-$3,000.00. $200,000 worth of inventory on hand including owned and consignment. Average sales ticket is $60.00, with most folks buying a combination of gourmet foods, jewelry, gifts and souvenirs. Building has 5 rooms plus bathroom--over 3500 sq. ft. total. On the NM Fiber Arts Trail. Store flyer is in all nine of the State of NM official Visitors Centers. Featured in New Mexico Magazine (Feb 08) and the Handweavers Guild of America mag (Winter 08/09). T or C is the most affordable spa town in America with natural hot mineral water bath houses and 10 minutes from largest lake in NM (Elephant Butte), so gets a lot of tourist traffic. Loyal local following is growing and this is THE shop the locals bring their out of town guests to find NM made souvenirs, gifts, art, gourmet foods, jewelry, home decor, clocks, stained glass, t-shirts and other apparel, Native American made products, cards, candles, lotions, bath and beauty items and so much more. Largest selection of jewelry in the county, and nice selection of art and photography by local and regional artists. Located on only through street from north to south interstate exits and 1 block from only stop light going out to Elephant Butte Lake with plenty of parking and handicap access. Perfect for ambitious couple wanting to improve websites (2) and expand in online shopping cart. Truth or Consequences is growing and Spaceport America will be open next year! Plus the contract for the gift shop at Spaceport America is up for grabs and this shop would be the perfect choice for that, as they want to specialize in locally crafted. Lots of handcrafted items and plenty of low-end items for the budget visitor, as well as high end art and more. Owner has brought to profitability in just 3 years in challenging economy. Seller is very motived, as she needs to take care of other business interests and her health. Price includes open, airy, colorful, spacious building, fixtures, equipment, inventory & 40 hours owner training.

Property information

Real Estate:

Real Property Included

Location:

220 N Date Street at 2nd Ave. in Truth or Consequences, New Mexico. 1 block from only stop light in town, which leads to Elephant Butte Lake. Very visible to travellers coming from the lake or the town of Elephant Butte. Shop is located on a corner for easy parking/u-turn. Date Street is the ONLY through street from Interstate 25 exit on south of town to north of town. If they drive through town, they MUST pass this shop! Truth or Consequences itself is a stopping off place for travellers going to/from El Paso to Albuquerque and points north/south. Many people get off the freeway to shop especially because of the name of the town.

Premises details:

3528 sq. ft. commercial building on corner for easy access from either direction. Large parking area. 5 rooms plus bathroom. 4 exterior doors. Air conditioned. Handicap ramp. Rooms are recently colorfully painted with archways added for aesthetic appeal. South room has separate entrance and could easily be rented out as art or massage studio, bookkeeping/tax service etc. 1628 sq. ft. house on separate property behind shop is available for sale at $105,000 if you want to live close to your business. Has 400 sq. ft. adobe bldg which could be remodeled into 1-bdrm apt for rent. House is zoned C-1 also. Make offer on both for best deal.

Size in square feet:

.20 acres

Other information

Expansion potential:

Revamping of website and implementation of an online shopping cart would increase sales dramatically. Also Spaceport America plans to have a NM-oriented gift shop and that contract will be available soon. New owner could decide to decrease # of art items hanging on wall and increase shelf space along walls to expand good selling inventory like gourmet foods. Opening 7 days a week is another option (currently closed Wed.) There is plenty of room to bring in new inventory items such as more gourmet foods lines or Native American creations or handcrafted furniture.

Competition / Market:

There are at this time only two other shops in all of NM that specialize in genuine made in New Mexico inventory--one in Taos and one in Ruidoso. Ruidoso location only sells gourmet food and NM wines. Taos location is much smaller physically with many fewer items in inventory. However, they have done a good job with their website and online store. That is an area in which Celestial Creations could improve.

Support & training:

40 hours training by owner. More negotiable.

Reasons for selling:

Owner has other business interests which need attending to, plus ready to semi-retire.

Trading hours:

Closed Wed. Sunday 11-4. All others 10-5.

Furniture / Fixtures value:

$22,000 (included in the asking price)

Inventory / Stock value:

$12,000 (included in the asking price)

Website:

www.celestial-creations-nm.com