Fredericton Destination Retailer For Sale

Business description

This well established, profitable business has been operating for almost a decade in New Brunswick. The business is a destination retailer that offers a wide variety of products with the full manufacturers' warranties and is set in a prime location with ample parking. Key staff is in place and willing to stay on after the transition of the business.

ENJOY THE BENEFITS OF OWNING A SUCCESSFUL BUSINESS WITHOUT ALL OF THE START-UP EFFORT!

Property information

Real Estate:

Lease

Lease terms:

The monthly rent is $3,333 or $39,996 annually. The lease is set to expire in 2011 with a renewal option. The current owner has flexible options on the lease that will be discussed further.

Leasehold rent:

$3,333 per annum

Location:

This business is conveniently located on one of Fredericton s most travelled roads. With the store being positioned within a busy plaza, the business has great roadside visibility. The business operates in a 3,600 sq ft location, 100% of the facility is currently in use. The monthly rent is $3,333 or $39,996 annually. The lease is set to expire in 2011 with a renewal option. The current owner has flexible options on the lease that will be discussed further.

Size in square feet:

3,600 sq ft

Other information

Expansion potential:

There are many growth and expansion possibilities, dependent upon the potential buyer(s) and their ideas.

Competition / Market:

This destination retailer is a "one stop shop" that offers quality furniture with the full manufacturers' warranties. The business has a great reputation for its friendly and knowledgable staff.

Support & training:

Full training and support is provided by the seller for an agreed amount of time for the purchaser to obtain full working knowledge of the daily operations of the business.

Reasons for selling:

The current owner is looking to free up some of his time to spend more time with family.

Trading hours:

This business operates during the following hours:

Monday to Wednesday - 9:00 am - 6:00 pm
Thursday to Friday - 9:00 am - 8:00 pm
Saturday - 9:00 am - 5:00 pm
Sunday - Closed

Furniture / Fixtures value:

$481 (included in the asking price)

Inventory / Stock value:

$38,197 (included in the asking price)