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Retail Stationery Outlet For Sale

Southern Gulf Island, British Columbia, Canada
Asking Price:
$200,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$345,000 (CAD)
Cash Flow:
$65,000 (CAD)

This business is a staple service located in a vibrant community that has limited access to big city services because it is accessed mainly by ferry. It is located on the largest Southern Gulf Island. The community it serves doubles by demographics in the summer because of seasonal residents and tourism but has a very stable medium sized demographic year-round. The demographic varies - many choosing this for retirement living, families that provide services for the many needs of the demographic, renowned celebrities that adore the spectrum the island offers, and some very wealthy individuals choosing it for the privacy of the large estate homes.

This business owner used to work in the business full time, but in the past 4 years because of personal reasons, commutes from the mainland to work in the business only 2 days/week. That has affected the growth opportunities of the business. This business would best be serviced by a local but could continue with a part-time owner that had more time to dedicate to business growth.

This business has served the community for over 20 years. It is located in the heart of the vibrant downtown core on the main road across the street from the famous Saturday Market.

The business has easy hours, only open M – F from 9:00 – 5:00 and Saturday 10:00 – 5:00. The staff have long-term experience and manage the business very well independently. The buyer skills required are limited, but knowing retail does add a benefit. This is a very simple business, and easy to learn.

Property Information

Real Estate:

Lease

Lease Terms:

5 year renewable

Leasehold Rent:

$28,000 (CAD) per annum

Location:

This business is located in a prime area in the core of this quaint downtown. The town center is very walkable and also provides ample parking both on the street and in the designated parking lot behind the shopping area.

Premises Details:

The premises is in great condition. The inside of the premises is well laid out and offers all the merchandise a customer in this forte would need.

Size in square feet:
1000 ft2

Business Operation

Expansion Potential:

The expansion is limited other than bringing in other related services. As this community has limited services, there are value added services that could be added to this business.

Competition / Market:

There is no direct competition in this arena in this community. There are general stores that will carry some of the basic staples, but the products this business offers are consumed by almost everyone in some manner.

Reasons for selling:

Personal family obligations. Owner lives in another community.

Trading hours:

M – F 9:00 – 17:00 Sat 10:00 – 17:00

Employees:
3 PT
Years established:
1995

Other Information

Support & training:

Yes

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

up to 10% VTB for one year

Furniture / Fixtures value:
$1,500 (CAD) - included in the asking price
Inventory / Stock value:
$95,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.