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Established Vintage Western Retail And Coffee Shop For Sale

Carrizozo, New Mexico
Asking Price:
$250,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
Under $50K (USD)

Established in 2012, in Carrizozo, New Mexico in the heart of Billy the Kid country, Soul of the West is a retail business specializing in vintage cowboy boots, western attire, art, antiques and a recently added coffee shop "Star Boots Coffee". The business includes the building located on three lots along Highway 54 (appraised for $120,000 in 2013) within Carrizozo's National Historic District . The location is excellent, over 5,000 vehicles per day travel through on highway 54 and one block over is historic Twelfth Street with its numerous art galleries and local Carrizozo Heritage Museum.

In addition to an extensive inventory of boots, clothing, art and antiques, there is also an established clientele and active tourist traffic. Soul of the West also the sponsors Darlins of the Desert Vintage Market, an annual event hosting some 20 vendors and welcoming 4 to 6 hundred shoppers each year, September 28, 2019 will be the sixth year for the event. This is a great opportunity for those considering relocating to a great climate,with history, art and a growing economy.

Property Information

Real Estate:

Real Property Included

Location:

Located at the corner of Central Ave, (US Highway 54) and Court St. Carrizozo, NM, in the National Historic District. This is a prime location in Carrizozo with more than 5000 Vehicles traveling by on Highway 54 daily including hundreds of tourists and snowbirds. The business is across from the busy Lincoln County Courthouse and one block off Historic Twelfth Street with its Galleries and the Carrizozo Heritage Museum. Carrizozo is 40 miles from the tourist village of Ruidoso, 35 miles from the Historic Town of Lincoln and 65 miles from White Sands National Monument, vertually in the center of three great tourist destinations.

Premises Details:

Soul of the West is located in a spacious structure located on three city lots. The building consists of eight rooms, three restrooms and a coffee brewing kitchen area. The lighting has been recently updated in addition to plumbing and electrical added for the coffee shop. Heating is gas and cooling is refrigerated window units. The property is included in the sale price and as previously stated was appraised at $120,000.00 in 2013, with upgrades the current estimate is $130,000.00.

Size in square feet:
Approximately 1800 sq ft

Business Operation

Expansion Potential:

Other locations have been suggested for branch stores, but we are vested in Carrizozo and have not perused expansion..

Competition / Market:

Presently Soul of the West is the only non-gallery retail establishment in Carrizozo. We have the largest, if not the only, vintage boots and western apparel selection in southern New Mexico and boast on extensive repeat clientele both local and from out of state. Presently Star Boots is the only coffee shop in Carrizozo. This package is truly unique.

Reasons for selling:

Retirement

Trading hours:

Tues. -Sat. 8:30 am - 5:00 pm

Employees:
Self
Years established:
6.5 years

Other Information

Support & training:

Owner would be willing to stay on part-time to assist with transition.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner financing with $120,000.00 down payment

Furniture / Fixtures value:
$7,500 (USD) - included in the asking price
Inventory / Stock value:
$100,000 (USD) - included in the asking price
Website:
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