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Established Flower And Gift Shop In Alberta For Sale

Alberta
Asking Price:
$110,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$238,888 (CAD)
Cash Flow:
$37,178 (CAD)

This business was established in 2003 and is still in the same location. The business is on a very busy street and in a strip mall that has lots of active. They have good parking directly in front of the store.
The business has a good reputation but has seen a reduction in sales as a result of the economy in Alberta. It appears the economy is starting to turn around with a number of new jobs being created in the past couple of months. There is a good opportunity for this business to increase sales by being open more hours and on Saturdays and holidays depending on the season.

Property information

Real Estate:

Lease

Lease Terms:

the lease expires in April of 2018. a new lease would have to part of the conditions of this sale.

Leasehold Rent:

30,112.00 which includes common area per annum

Location:

This is located in a very busy strip mall with lots of staff in other businesses. It is right next to one of the major streets in the community and has easy access to and from.

Premises Details:

958 sq. ft of space which makes this very attractive as there is no wasted space. The lease is up in April of 2018. so a new lease would be part of the conditions for purchasing.

Business Operation

Expansion Potential:

The sales of this business could be expanded by being open more hours on holidays.

Competition / Market:

There a four other floral shop in the community plus other grocery stores that sell flowers. There is more than enough market share in the community.

Reasons for selling:

The owner has reached burnout.

Trading hours:

9 am - 5 pm Monday - Friday closed Saturdays, Sunday and holidays.

Employees:
2 full time including the owner
Years established:
2003

Other Information

Support & training:

Owner will provide one month

Financing available:

The leasehold improvements and equipment are estimated to have a value of $ 100,000.00 so the buyer should be able to get financing in this amount from a conventional Bank on a Small Business loan

Furniture / Fixtures value:
$100,000 (CAD) - included in the asking price
Inventory / Stock value:
$10,000 (CAD)

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