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Established 'once Upon A Child' Franchise Resale, Kelowna, Bc For Sale

Kelowna, British Columbia, Canada
Asking Price:
$1,225,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,258,000 (CAD)
Cash Flow:
$274,000 (CAD)

Opportunity to own an established business in one of the top-ranked small cities to live in Canada as well as one of the fastest-growing cities in the country.

Once Upon A Child, Kelowna is part of the largest children’s resale franchise in North America with over 400 locations across Canada and the US.

Opened in March of 2018, Once Upon A Child Kelowna has experienced steady growth to the point where the franchise is exceeding the brand average for annual gross sales and has been recognized by the community as one of the top children’s stores in the Okanagan.

With the second-hand economy booming in Canada and forecasted to grow three times faster than the new fashion segment, now is a great time to invest in the industry.

Once Upon A Child, Kelowna is located in Kelowna’s main retail district within two blocks of Walmart and Costco.

It’s also directly next to two other re-sale businesses, Play It Again Sports and Plato’s Closet creating a re-sale hub for the community.

The business is priced at a multiple of net income plus assets allowing the new owners to recoup their full investment in less than five years while paying themselves a sustainable wage.

The current owners are also open to financing up to 40% of the purchase price in the form of a Vendor Take Back Mortgage.

If you’ve always wanted the freedom and flexibility of owning your own business and have a passion for doing something that makes a difference in our community and the environment, please visit the website below to learn more about this amazing opportunity.

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease with an option for an additional 5 years

Leasehold Rent:

$80,000 (CAD) per annum

Location:

In the centre of Kelowna's retail hub. Two blocks from Walmart and Costco. Directly next to two other re-sale businesses, Play It Again Sports and Plato’s Closet creating a re-sale hub for the community.

Premises Details:

Four unit retail strip mall

Size in square feet:
4,400

Business Operation

Employees:
15
Years established:
6

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

One week training provided by franchisor along with ongoing support from regional operations manager.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

The current owners are also open to financing up to 40% of the purchase price in the form of a Vendor Take Back Mortgage.

Furniture / Fixtures value:
$100,000 (CAD) - included in the asking price
Inventory / Stock value:
$125,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.