Chinook Business Advisory is proud to present the opportunity to purchase a well-established, stunning, high-end lingerie retail store. The 1,200 square foot storefront is nestled in Campbell River, a vibrant Vancouver Island community with one of the mildest and sought-after climates in Canada.
After 15 years of successful operation, the business has established a loyal and returning clientele and earned themselves an exceptional reputation. What sets this business apart is the level of service the expert staff provide. Each person who enters the store receives a personalized service, ensuring a unique and helpful experience so they can find the right product. Purchasing undergarments or lingerie should be a rewarding experience, and the staff at this establishment are discreet, helpful, kind, and ensure you get the proper products to feel empowered.
Along with the exceptional service, the retail store has been outfitted beautifully with meticulously selected luxury products such as undergarments, sleepwear, and accessories. In addition to in store, select items can be purchased online through their user-friendly e-commerce website and delivered to anywhere in Canada or the USA.
It is the combination of the knowledgeable team, high level of customer service, and the quality product that has resulted in the establishment having two nominations and becoming a top finalist for the Best of Intima Awards, the most prestigious award in the lingerie industry. The exceptional product quality and outstanding service is recognized across North America.
Their success directly translates into their financial statements, with revenues over $400,000 and seller’s discretionary earnings reaching over $117,000 this past year.
Consumer spending on clothing and accessories continues to climb, and now is the time to benefit from exceptional returns and a fantastic work-life balance in this stunning, coastal community. This turn-key business is ready for a new owner to step in and continue its soaring success.
- Asking Price:
- $349,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $412,018 (CAD)
- Cash Flow:
- $117,732 (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Current rent is $1,800/month. Current lease period is March 1, 2020 to February 28, 2023. It includes a clause which allows the tenant to renew the lease upon written notice at least 9 months prior to the expiration of the current lease. The renewal can be for a period of time between one and five years. All terms and conditions of the initial lease remain in place, except the Base Rate which shall be negotiated.
- Location:
-
Campbell River
- Premises Details:
-
1,200 square feet of retail space. Most of the leased space is occupied by retail floor space and change rooms. There is unmetered diagonal street parking in front of the store and five acres of free parking across the street.
- Size in square feet:
- 1,200
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
Monday - Saturday 10 am - 5 pm
- Employees:
- 4
- Years established:
- 2007
Other Information
- Furniture / Fixtures value:
- $15,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $151,440 (CAD)
- Website:
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