Cobblestone Hobbies & Crafts - Holland, MI

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30774431
Property Subtypes: Retail Stores
Building Size (RSF): 6,864 SF
Sale Price: $679,000
Name of Establishment: Cobblestone Hobbies & Crafts
Business Website Address: http://www.cobblestonehobby.com/
Year Business Established: 1973
Gross Revenue: $1,400,000 (Annual)
Cash Flow: $372,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Cash, Conventional Business Loan No Seller Financing
Last Updated: 11/16/2021

Overview / Comments

Since 1973, Cobblestone Crafts & Hobbies has been a staple for hobby enthusiasts in Holland, Michigan. For many of its loyal customers, the memories of visiting the store since they were children is what keeps them coming back and introducing new generations of loved ones to this beloved shop. Its loyal customers are what have kept Cobblestone Crafts & Hobbies thriving for many years.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Industry Segment: Other Retail Stores
Reason for Selling: Owner Retirement
Value of Inventory Included ($): $270,000
Value of Furniture, Fixtures, and Equipment ($): $65,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $615,000
Real Estate Lease Description: Owner occupied. Current owner is open to sell building with the business or lease the building to the new business owner. $6,000/mo NNN
Employee/Labor Description: 5 Total / 3FT 2 PT
Mgmt/Training Support Description: Owner willing to stay on on a part-time basis for an agreed period of time for an hourly rate.
Competition/Market Description: Hobby Lobby and Michaels. However, these two hobby shops do not offer the same brands nor do they offer repair service for model trains, airplanes or a/c cars.
Growth/Expansion Opportunities: The building has lots of room for growth. The current owner does not do any marketing. The website is not current. An online e-commerce could be added to this business opportunity.
Seller Financing Description: None.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,667 66,960 95,531
Median Age: 38.82 35.13 35.82
Households: 2,432 24,152 34,445
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