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Established Retail Consignment Store In Kitsilano For Sale

Kitsilano, British Columbia, Canada
Asking Price:
$50,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (CAD)
Cash Flow:
Available on request

This turnkey business is a well-established boutique-style consignment store specializing in the sale of upscale men’s and women’s fashions.

Please refrain from approaching the business directly, as the staff is unaware of the sale and unable to answer questions.

The owner is on the premises on Mondays and Tuesdays.

The price has been reduced from $75,000 to $50,000 for a quick sale.

Funds would be allocated with approximately $35,000 upfront (total purchase price) and an estimated $15,000 to be paid out by the purchaser over time for liabilities owed to the business's consignors.

For more information, please contact us using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Triple net lease ( currently owner is paying month to month, but a three-year lease can be negotiated with the landlord)

Leasehold Rent:

$4,410 (CAD) per annum

Location:

The Business is located on west 4th near Maple Street in Kitsilano.
This area has excellent exposure with high visibility and heavy foot traffic.

Premises Details:

This business is a 713 ft.² storefront with the additional square footage of a partial second floor. There is one staff parking stall located at rear of building.

Size in square feet:
713

Business Operation

Expansion Potential:

This business offers a great opportunity for a driven owner/operator!
Currently, this business under takes no significant 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.
Exploring paid advertisements on platforms, such as Metah and Google.
Exploring, print and radio advertisements in the local area.

Competition / Market:

None

Reasons for selling:

Family issue, owner needs to relocate out of the province

Trading hours:

Seven days a week
Sunday and Monday 12-6pm
Tuesday to Saturday 11-6pm

Employees:
3
Years established:
20+

Other Information

Support & training:

Handholding for a period of time to be determined at time of sale on POS, and running the store.

Financing available:

The asking price is $50,000
There will be a hold back of the outstanding amount owed to the Consigners at time of purchase.
The funds agreed-upon will be allocated as follows:
$50,000 (total purchase price) - $15,000 (estimation of payments owed to Consigners at the time of purchase)
$35,000 to be paid in full to the seller for the business assets
$15,000 to be paid out by the purchaser over a period of time for liabilities owed to the business Consigners.

Furniture / Fixtures value:
$15,000 (CAD) - included in the asking price
Inventory / Stock value:
$100,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.
Distressed:
This business is a turnaround opportunity.