A Rug store with an impressive pedigree and a lengthy history. The owners of this rug business have been in the business for decades. The Rug Shop is situated in a highly visible area, with a retail space and administrative offices in the front and storage and delivery areas in the back. The selling of either shares or assets is possible. Selling shares is encouraged for immigration reasons. Owners can get by without hiring help, and there's room to grow in this industry. There is plenty of storage space in the warehouse for new products. The selling price does not include the cost of inventory.
- Asking Price:
- $25,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $100K - $250K (CAD)
- Cash Flow:
- Under $50K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease is till April 2025 and then there is an option to extend for 5 years
- Leasehold Rent:
-
$14 (CAD) per annum
- Location:
-
In the heart of the warehouse and distribution centre, with excellent exposure to the major highway, HWY 1.
- Premises Details:
-
Industrial warehouse, with front is showspace with storage at back
Business Operation
- Expansion Potential:
-
The existing seller has not tapped into the online platform.
- Competition / Market:
-
None
- Reasons for selling:
-
Relocating
- Trading hours:
-
Mon-Sat, Mon-Fri business working hours
- Employees:
- 1-2
- Years established:
- 2021
Other Information
- Support & training:
-
4 weeks with 20hrs each week.
- Inventory / Stock value:
- $55,000 (CAD)
- Relocatable:
- This business can be relocated.
