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Well-established Mobility And Health Care Retail Store Available For Sale

Sidney, British Columbia, Canada
Asking Price:
$90,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250,000 (CAD)
Cash Flow:
$100K - $250K (CAD)

This is an excellent opportunity for a mechanically adept and customer focused individual to earn a nice and reliable retirement income. This 8 year old business is currently grossing $250,000 a year in revenue based on sales, rentals and repairs of mobility scooters and power chairs, along with related mobility aids and aids for daily living. It is situated in thriving Sidney B.C. which has one of the highest concentrations and fastest growing populations in Canada of individuals in the 70 + age demographic. It has a well-established and loyal client base and an excellent reputation in the area. A significant portion of its business comes from word-of-mouth referrals from satisfied customers. The business is being offered as an asset sale at $90,000, which includes about $50,000 of inventory and $7,500 of equipment, signage and tools. The location includes a forecourt for product display on a high-traffic street. The current lease expires at the end of 2020, but renewal options are available for negotiation if interested.

Property Information

Real Estate:

Lease

Lease Terms:

3 year expiring Dec31, 2020

Leasehold Rent:

$24,000 (CAD) per annum

Location:

High traffic main street of town

Business Operation

Reasons for selling:

Have been unable to relocate as initially planned to operate this business myself

Trading hours:

9:30 - 4:30 Mon - Sat

Employees:
2
Years established:
8

Other Information

Support & training:

available if desired

Furniture / Fixtures value:
$7,500 (CAD) - included in the asking price
Inventory / Stock value:
$50,000 (CAD) - included in the asking price
Website:
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