This is an opportunity to acquire a leading retailer in the athletic and casual footwear and apparel industry. The business has been in operation for 28 years and distinguishes itself for products associated with quality, durability, and high customer satisfaction. It is located in one of the city's most desirable areas with high traffic of locals and tourists. The asking price includes $40,000 of inventory. Additional inventory is not included and will be adjusted at the time of sale. Total inventory generally fluctuates between $100K-$200K depending on the time of year.
- Asking Price:
- $325,000 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $659,165 (CAD)
- Cash Flow:
- $143,947 (CAD)
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business is located in a very high-traffic and desired location. The retail space is about 885 square feet with a lease that has one year and eight months left and one 5-year renewal option.
Business Operation
- Reasons for selling:
-
Owner wants to retire.
- Trading hours:
-
Monday-Sunday 10am-6pm
- Employees:
- 1 FT/1 PT
- Years established:
- 28
Other Information
- Support & training:
-
Will train for 3 weeks @ $0 cost.
- Furniture / Fixtures value:
- $26,103 (CAD) - included in the asking price
- Inventory / Stock value:
- $40,000 (CAD) - included in the asking price
