This successful business was started in 1986. They are part of a National Franchise Electronics Retailer. As part of a national franchise, the business benefits from competitive pricing, a national pricing program and coop advertising programs. The store delivers bi-weekly flyers to help drive sales, and also uses radio advertising. In addition to selling many well-known electronic branded products you would expect (like Apple, Bell, Samsung HP, Microsoft, Canon, and LG), this store also sells stationary products, toys, some musical instruments and giftware. The store is in a scenic community in Northwestern Saskatchewan and the business has adapted to add these other product lines to meet local consumer needs in their market. They have limited competitors in their trading area and the owner believes that there are many growth opportunities to further explore in this market. The business is operating presently with four full time staff, and open Monday through Saturday. The business is in a community of ≈ 5,000 in a beautiful area of the province with unlimited camping, fishing, hunting, and snowmobiling. It is an outdoor lover’s paradise and offers a peaceful, slower paced quality of life for the new business owner. The current owner has operated the business since it opened over 36 years ago and is now ready to retire and exit.
The share sale will include working capital of $230,000 (primarily inventory less a small amount of accounts payables), all equipment (displays, racking, POS) of $50,000 and business name/goodwill of $170,000.
