Business for Sale

Web Business & Retail

usiness
Victoria Victoria Vancouver Island and Coast Capital
Retail / Wholesale
$325,000.00
 

Ever Increasing Profits - Buy Now!

Increasingly Profitable Web Business and well established Retail store For Sale. Established 32 years ago. Here is an exciting opportunity to buy a very enjoyable & well-established retail business with a rapidly growing, increasingly profitable web business. This company is very well known for their quality B.C made artistic products. These are mostly on consignment – giving a very positive cash-flow and margins; there is no dead stock. The one retail space is in a prime location and at under 700 sq. ft. boasts sales of over $835 sq. ft. with very good gross margins. Compare this with Wal-Mart at $492 sq.ft and Shoppers Drug Mart at $790 sq ft. The business has recently invested into their web store, incorporated an easy to manage e-commerce & POS system. No previous retailing or e-commerce experience is needed. The past fiscal year (end Feb 2017) has seen; -Double digit increase in sales to $550k Target $650k for 2017/18 -An 80% increase in online sales to $49k – well on track for $100k in 2017/18 -Sales per month for 2016/17 have exceeded every single comparable month for the past 10+ years! -Margins continue to grow. -Easy to manage Social Media has driven this growth. -Major National Media has profiled this business -This business provides a good income for the owners. Business Location: Located in the best part of one of the most beautiful cities in Canada. Victoria, B.C. This is a superb city with one of the best qualities of life available. Very good schools, access to mountains, beaches, concerts etc. The studio is located in a wonderful part of the city which has a very strong, supportive and dynamic community. Premise Details: Main high street - excellent location Competition: The retail business has been established since 1984 and operated by its current owners for over 11 years after retirement from their main careers. Due to my wife's unexpected and very serious illness I need to spend more time with her hence the need to sell my business quickly at a very reasonable price of $325k. The market for buying locally made goods is growing. What limited competition that exists is unsophisticated. Expansion Potential: The on line sales are growing at a high rate. Support & Training: ~ $60k stock This wholesale stock turns at ~ 4 times per year. This is all new & good stock Everything that is required to manage a seamless transfer of the business and ensure its continued success. Including full training in all aspects of the business. Reason For Selling: Due to my wife's unexpected and very serious illness, I need to spend more time with her hence the need to sell quickly for a very reasonable price of $325,000.



 
 
 
 
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Community Profile: Victoria

Vancouver Island and Coast
Capital

On the southern tip of Vancouver Island, Victoria is a community of choice for its temperate climate, natural beauty, recreational sites and economic opportunities.

Statistics
Total Population 80,017
Median Household Income $45,827 ($CDN)
Closest Commercial Airport Victoria International Airport (26km)
Closest Ocean Port Victoria (2km)
Closest Major Centre Victoria
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