This listing is for the sale of shares of 2 corporations. The first one being the Tower Brae Holdings Ltd. which operates as Parksville Home Hardware, Parksville, B.C. This is a well established Home Hardware franchise with a proven record of profits over many years. It is located in the heart of downtown Parksville with excellent traffic flow and is a destination business with many regular customers. Tower Brae Holdings Ltd. is offered for sale at $545,000 which includes $350,000 in inventory. The purchase price would be adjusted to reflect actual inventory at the takeover date. The second corporation is Ormiston Holdings Ltd, which owns the land and buildings, consisting of 142 Morison Ave with 6,997 sq ft of retail space, valued at $2.2M and a warehouse at Unit 7-1147 Franklin's Gull
Rd in the Parksville Industrial Park with approx. 1300 sq ft of storage space, valued at $250,000 and reflects a combined cap rate of 5.71 %
- Asking Price:
- $2,995,000 (CAD) Inventory / Stock included
- Sales Revenue:
- $2,200,000 (CAD)
- Cash Flow:
- $300,000 (CAD)
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Prime downtown location and easily accessible warehouse in the Parksville Industrial park
- Premises Details:
-
Well maintained almost 7,000 sq ft in the centre of a busy downtown
- Size in square feet:
- 6997 sq ft retail establishment and 1300 sq ft warehouse
Business Operation
- Management type:
- This business is owner operated.
- Years established:
- 1952
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
Must be approved by Home Hardware
