This is a well-established kids Toys & Puppet store located in Granville Island. The store has been a beloved part of Granville Island for over 8 years. It has undergone significant changes and Store layout design improvements over the past 4 years under the current ownership, leading to a significant increase in customer satisfaction. As a unique toy & puppet store, we are dedicated to giving our customers and their little ones the very best service. A one-stop shop for toy and puppet brands like SillyPuppets, Folkmanis, Kate and Levi, Aurora, The Puppet Company, Melissa & Dough and many more!
The store sells great products & brands like Disney, Sanrio, Marvel, Avengers, Sesame Street, Hasbro, Peppa Pig, Transformers, Hot Wheels, CAT & Panda, etc.
- Asking Price:
- $175,000 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $100K - $250K (CAD)
- Cash Flow:
- Under $50K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
5 years
- Leasehold Rent:
-
28,476 ( Incl. CAM & all other charges) per annum
- Location:
-
The store is located in the Kids Market at Granville Island, which is the most visited tourist destination in BC and sits at #3 in Canada. It attracts millions of visitors each year and has been added as a historical stop for the ‘Hop-on Hop-off’ buses.
- Premises Details:
-
Easy Access and Attractive location! The store is located next to one of the entrance/exit of the Kids Market, making it easily accessible to customers and surrounded by other family-friendly attractions. The location has excellent exposure with high visibility and offers a high foot traffic, ample parking, and a welcoming atmosphere. Close to public amenities and kids play area. Additional Window Display for a month (per year) outside Kids Market with Visual Merchandising team hired by the Market (free of cost).
- Size in square feet:
- 307
- Planning Consent:
-
It's a part of the Kid's Market so all permissions are a part of the Lease. However, the lease consent can be extended to 5 years for the new owner.
The store needs to buy it's own insurance.
Business Operation
- Expansion Potential:
-
This is a great opportunity for a prospective buyer who is looking to acquire a successful puppet store in a prime location. The store has a proven track record of success and a significant increase in customer satisfaction. The new owner has the opportunity to continue this success and take the store to the next level.
The store just got a new WIX POS system & a new WIX website too.
Currently, this business has not undertaken any significant advertising/marketing strategies.
New clientele is acquired via Google search, word of mouth, referrals, and walk-ins.
Developing a comprehensive sales and marketing strategy would be a tremendous opportunity for the buyer.Growth opportunities could include hiring a dedicated social media manager to consistently post on social media platforms and expand brand awareness.
Advertising for the store is included in the Kids Market Social Media platform and Website - free of charge. A great platform for store owners to utilize for future growth and building loyal customer base.
- Competition / Market:
-
The Kids Market has a non-compete clause among all stores which makes this an exclusive puppet store in this area. Due to the non-compete clause, no other store in the Kids Market will be permitted to sell puppets (now and in the future). Although there is no Puppet store on the Island but there could be a 5% overlap of similar merchandise in other stores.
- Reasons for selling:
-
Relocating to another Province.
- Trading hours:
-
10AM to 6PM ( 7 days a week).
- Employees:
- 1 full time & 1 part time
- Years established:
- 2016
Other Information
- Support & training:
-
Free training and support can be provided for the first four weeks ( to a maximum of 24 hours per week) during the transition period. This includes training on the existing POS, running the store & introduction to vendors/ reps.Thereafter, handholding is possible at $30 per hour for the next 4 weeks ( to a maximum of 12 hours per week).
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
A maximum of CAD 60,000 could be financed at the rate of 12% for 1 year, depending on buyer's credit history.
- Furniture / Fixtures value:
- $10,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $55,000 (CAD) - included in the asking price
- Relocatable:
- This business can be relocated.
