Here is your opportunity to acquire a turn-key mattress retailer in Coastal BC. The business has been operating for over 20 years with consistent profitability. It is located within a leased retail shopping centre consisting of 4672 sq.ft. of prime retail space. The base rent is $14.13psf with estimated additional rent of $4.17psf. The lease expires in the fall of 2025 with an option to renew at market rate or a maximum of 20% increase above the current rate - whichever is lower.
The business employs 3 full-time staff who are responsible for handling the day-to-day operations. With a great selection of quality mattresses over a wide range of price points, the business also sells furnishings like bed frames as well as bedding accessories like sheets, pillows, and blankets. Limited competition in the region ensures the business is very well known among residents.
This opportunity is ideal for motivated entrepreneurs who are looking to maintain a work-life balance in a picturesque community. The asking price of $1,298,000 includes all equipment, inventory, leasehold improvements, all off-balance sheet assets and a working capital of $350,000.
