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Highly Respected Home Leisure Retailer For Sale

Kelowna, British Columbia, Canada
Asking Price:
$850,000 (CAD)
Sales Revenue:
$2,300,000 (CAD)
Cash Flow:
$335,000 (CAD)

This specialty home retailer is is one of the largest stores of its kind in B.C. They have one of the most experienced and qualified teams in the industry and their range allows them to offer sales, service and installations, making this a one stop full service retailer. At the same time, this has solidified their relationships with hi end repeat (contractors/designers) clientele list.

The product mix of BBQs, outdoor kitchens, fire features (tables, linear effects etc.) hot tubs and swim spas offer sales and service year round. Given their strong sales volume, many of their products are exclusive to their market territory.

One of the owners is retiring and is the silent partner in this business, the other owner who runs the day to day operations and does the purchasing is prepared to stay on. As the new owner you can take over management yourself or retain the current manager and not be as active in the business.

Property Information

Real Estate:

Lease

Lease Terms:

2024

Leasehold Rent:

$10,000 (CAD) per annum

Business Operation

Expansion Potential:

There are several areas of growth for the new owner to expand market share. Opening in a neighboring city would offer greater discounts for increased volume and provide more market recognition. As well, in product lines offering a range of patio furniture would compliment the products already sold in the business. Currently the company does not take advantage of social media and online sales which would assist in direct growth and stronger awareness of the business.

Reasons for selling:

Silent partner is retiring

Employees:
7
Years established:
2012

Other Information

Inventory / Stock value:
$850,000 (CAD)

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