Here is an exciting opportunity to purchase a well-established retailer with a growing prominence on the web in an industry that has strong consumer appeal. This company is known for their quality products, hands-on approach, and unique business model. This company has over 300 unique suppliers that produce original products that cannot be purchased through other distribution channels eliminating consumer ‘price shopping’.
The retail space is under 700 sq. ft. and boasts sales of over $600 sq. ft. with very good gross margins. The business has recently invested into their web store, incorporated an e-commerce & POS system, with strong emphasis on social marketing.
The business now boasts over 10% of annual gross sales via the web store and is striving for 25% of gross sales through its online store. The business is modelled for duplicating the retail store in other major cities, not only throughout North America, but also Europe.
The same web store can be used for each retail expansion. The core business has been established since 1984, and operated by its current owners for over 10 years after retirement from their main careers. The baton will be passed to a new owner that has the experience to fully implement this company’s growth strategy. By duplicating just one new location every 2 years could result in doubling sales with each location.
Because almost no inventory is carried by the store, duplicating a store would cost under $50K. Gross revenue has increased in the current location annually on average by 3% for the past 5 years. Current year to date are surpassing last years sales by more than 3%. The business is located in beautiful Victoria BC. Asking price is ONLY $380,000 which includes $60,000 of inventory.
Asking Price $380,000
Sales Between $100,000 and $500,000
Profit Between $100,000 and $500,000
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