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Successful Gulf Island Ladies Fashion Boutique In Gabriola Island For Sale

Gabriola Island, British Columbia, Canada
Asking Price:
$38,000 (CAD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This little boutique in the heart of Gabriola Island's Folklife Village is an established clothing retailer with over 25 years of successful operation in this busy gulf island community. Fashion is alive and well here, where locals and tourists alike shop year- round to make this a great business opportunity for someone looking for the island lifestyle - and a profitable little enterprise!

Arguably the best location on Gabriola Island, The Wooden Hanger is in the centre of the Village and is a magnet for tourists all summer and the local fashionista all winter.

It is just under 1000 sq.ft. and includes two change rooms, an office and a private washroom. It comes equipped with custom fixtures, mirrors and lighting, and is a turn-key operation for the right buyer.

There is a loyal and expanding clientele, and the store has a reputation for quality merchandise and good service.

All required financial information will be made available to a qualified buyer.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

2 years remaining

Location:

575 North Road - "Folklife Village" shopping centre on beautiful Gabriola Island. Ten minutes from the ferry, and on the local bus route, this retail mall is pretty much ground zero for local activity. Lots of parking, and all amenities close by.

Premises Details:

With lots of windows on a busy corner, this shop has the best location in the Village, with year-round traffic and plenty of parking. The timber-frame construction offers a beautiful backdrop for retail display, and the space - nearly 1000 sq ft - includes an office and private bathroom. The iconic "Folklife Village" is a magnet for tourists and has become the centre of town for this busy gulf island.

Size in square feet:
979 sq ft

Business Operation

Expansion Potential:

Demographics are on our side, and the island population is growing. For flexibility: the store itself is made up of two smaller retail units that were combined. There is still the ability to divide the one store into two departments, or, with the consent of the landlord, completely separate the units. Commercial space on the island is scarce at this time, and this is considered a prime location.

Competition / Market:

The landlord has offered exclusivity in terms of women's clothing. Visibility and convenience are part of the package too, with a restaurant across the walkway, and a busy grocer, a pharmacy and a liquor store drawing retail traffic seven days a week. For over 25 years this store has dominated the women's fashion market on Gabriola Island, and continues to do so to this day.

Reasons for selling:

After a long career in the fashion business, the owner would like to retire and turn the store over to someone who has a 'passion for fashion'.

Trading hours:

10am to 5pm seven days a week

Employees:
2
Years established:
27 years

Other Information

Support & training:

Current employee is willing to stay on, and owner will provide some support in connecting new owner with suppliers. The books will be available to serious buyers and will provide insight into the operation.

Furniture / Fixtures value:
$20,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.

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