Established sole proprietor brick and mortar retail store established in 2012, located in the growing city of West Kelowna. Owner is looking to retire, motivated to sell. Price is REDUCED to only $40,000 plus inventory (inventory value fluctuates between approximately $450,000.00-$480,000.00 and could be lower). Providing service and products to the local and outlying areas in British Columbia's Interior. Specialty small business with established clientele in a location visible from busy Highway 97. Turn-key with more growth potential. Expanding into web sales and diversifying into other product lines will further enhance this store's future in the market place. Excellent, limited time opportunity to purchase this business for little more than the cost of the existing inventory.
A "Possession & Acquisition License" is required by the operator as business sells firearms and ammunition. Straightforward asset sale as business is not incorporated. Current business model could be changed/customized by you to suit your needs.
For more information, please contact us by using the form below.
- Asking Price:
- $40,000 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $500K - $1M (CAD)
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Current lease is a 2 year lease, renewed in October 2024, option to renew. Includes an annual option to terminate with notice.
- Lease Rent:
- per sq ft per annum
- Location:
-
Located in West Kelowna BC in a strip mall on a frontage road parallel to busy Highway 97. Only 10 minutes from the city of Kelowna.
- Premises Details:
-
Located in a strip mall with around 12 other businesses including Petro Canada, Restore, a liquor store and a laundromat. Store is approximately 1500 square feet including back storage room and office.
- Size in square feet:
- 1500 Square Feet
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Definitely expansion into on-line sales would grow this business. Also expansion into product lines that require a larger opening order (IE Tikka, Sakko, Browning). Hours of business could also be increased. Could diversify into other product lines for outdoor recreation.
- Competition / Market:
-
West Kelowna has only Canadian Tire as a competitor. As we are a specialty store, we carry items they do not have. Kelowna has A & C Sports, Canadian Tire and Webber& Markin. We are not aware of any other competitors planning to open near us.
- Reasons for selling:
-
Owner would like to retire. Would love to see someone continue the business or take it to the next level vs liquidating and closing.
- Trading hours:
-
Tuesday - Saturday 9am-5pm. Closed most statutory holidays. Hours could be expanded.
- Employees:
- None at this time. Proprietor running the store and spouse doing the bookkeeping.
- Years established:
- 14
Other Information
- Support & training:
-
Owners are willing to provide a limited period of training and are open to negotiation based on purchaser's needs.
- Furniture / Fixtures value:
- $40,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $450,000 (CAD) - included in the asking price
- Website:
- Login or register to view link
- Relocatable:
- This business can be relocated
