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Women's Fashion Boutique In Sidney, Bc For Sale

Sidney, British Columbia
Asking Price:
$119,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
$100K - $250K (CAD)

An established mid to high-end women’s fashion boutique is being offered for sale in Sidney, BC, located near Victoria and the Victoria Airport and the BC Ferry Swartz Bay Terminal. Started in 2009, the business offers a well-curated selection of fabulous clothing, accessories and jewellery in a bright, colourful shop, with an emphasis on extraordinary customer service and a fun, inviting atmosphere. The business is open seven days a week year-round.

The boutique has a substantial and loyal customer base with a list of over 4,400 customers including customers from the immediate area, customers from throughout Greater Victoria and Vancouver Island and regular customers from the Prairies. In addition, there is significant walk-in traffic, including vacationing visitors many of whom are from the Lower Mainland, Alberta and Saskatchewan, and the Pacific Northwest area in the USA. Proximity to great hotels, marinas and complementary businesses contribute to the success of this business.

Long-standing area-exclusive relationships with well-respected suppliers ensure that this business is ready for the new owner to step in and continue operations with minimal disruption. Lines include Rails shirts, Velvet by Graham and Spence, Line the Label, Fidelity Denim, Banana Blue, Kekoo, Uuchu, Lisette L pants, Soya Concept, Artist Label scarves, Chalet, Liverpool Jeans and many more.

In addition to the owner, there are four employees, one full-time and three part-time. The full-time manager is experienced in all aspects of store operations and buying.

The shop has had a user-friendly point-of-sale system in place since start-up that makes it easy to manage inventory and track sales, providing the data and analytics needed to optimize purchase of stock. The POS system integrates with an on-line store that gives customers access to what is new on an ongoing basis. The shop also has a strong social media presence on Facebook and Instagram, as well as regular direct marketing via email, with open rates routinely in excess of 50%.

The current lease expires May 31, 2020 with an option for renewal for a five-year term.

Expansion opportunities include enhanced use of the online store, moving into new product areas such as lingerie to fill gaps in the local market, providing personal shopping services and leveraging relationships with suppliers to add additional stores. This is an ideal PNP program opportunity.

The owner is selling due to a gradually deteriorating medical issue that has led to the difficult decision to retire after many years of pleasure pursuing her dream. The owner is willing to provide training and mentoring, as required, to facilitate a smooth transition and the ongoing success of the business.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Lease

Lease Terms:

Lease expires May 31, 2020, renewable for 5 year term

Location:

Prime high street location, with complementary businesses, hotels and marinas nearby.

Size in square feet:
2,600

Business Operation

Trading hours:

10 to 5:30 except 11 to 5 Sundays and holidays

Employees:
4 plus owner
Years established:
10

Other Information

Support & training:

Owner will to provide mentoring and training, including accompanying on initial buying to ensure a smooth transition and continued success of the business.

Furniture / Fixtures value:
$25,000 (CAD) - included in the asking price
Inventory / Stock value:
$130,000 (CAD)
Relocatable:
This business can be relocated.

Contact Information

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