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Framing Business In Vancouver For Sale

Vancouver, British Columbia
Asking Price:
$245,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$300,000 (CAD)
Cash Flow:
$150,000 (CAD)

This is an established custom picture and glass framing store located in an affluent area of Vancouver. The business has been in existence for over 40 years and has a good repeat customer base.

The owner works in the business full-time and is assisted by one part-time employee. The business has provided the owner with a good living and he is now looking to retire, sell the business and assist with the transfer to a new owner. Suitable for an owner operator that has an interest in design and wood working.

Property information

Real Estate:

Lease

Lease Terms:

Six years remain on the current lease which can be extended further. No demolition clause.

Leasehold Rent:

$50,000 (CAD) per annum

Location:

Lively and affluent part of Vancouver

Premises Details:

Located in a high traffic shopping area surrounded by many destination shops and restaurants. The premises are in excellent condition with all appropriate equipment, shelving, lighting, furniture and fixtures in place. The business premises are 1,600 sq. ft. Total cost (triple net) was $55,000 in 2018. The current lease expires in 14 months and there is an option to renew for a five- year period.

Size in square feet:
1,600

Business Operation

Reasons for selling:

Retirement - (Owner is nearly 70).

Trading hours:

Monday to Saturday 9.30am - 5.30pm

Employees:
1 part time
Years established:
1975

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

5% franchise fee. 1% advertising fee.

Other Information

Support & training:

Will be provided.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$50,000 (CAD) - included in the asking price
Inventory / Stock value:
$10,000 (CAD) - included in the asking price

Contact Information

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