Business for sale in Canada – Toronto – Ontario – Retail store for saleBusiness for sale in Canada – Toronto – Ontario – Retail store for sale

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Business for sale in Canada - Retail store for sale

Asking Price: 350,000 $ CDN Real Estate: Lease
Sales Revenue: 1,000,000 $ CDN
Net Profit: 120,000 $ CDN
Year Established: 1985
Employees: 6FT, 5PT
# of family members employed: 2FT
Location criteria:
Canada/Ontario/Toronto
Canada/Ontario/Toronto

Business types:

Retail

Business categories:

Card & Gift Shops

Business description

owner retiring from well established profitable 2400 sq ft retail store in upscale plaza. Sales are in excess of $800,000 and have consistently generated earnings before management salary, interest, depreciation and taxes of $140,000 to $160,000 per year. If you love retail, this is a fantastic opportunity to acquire the assets of a fun business which generates margins in excess of 50%, and which over more than twenty five years of almost continual growth, has enjoyed an enviable reputation and very solid customer base due to it's high level of service and wide product selection. The purchase price of $350,000 includes goodwill, fixtures and signs. Inventory (valued at retail selling price less 55%) is an additional $115,000 to $130,000 depending on the season.

Additional information

Additional information: Not Disclosed
Support & training: Current lease expires in June of 2013 and the landlord is eager to sign a new lease with new owners.
Reasons for selling: retiring
Financing available: no financing by vendor available, cash only
Inventory / Stock value: $0

Real Estate

Ownership: no
Lease: yes
Lease terms: Current lease expires in June of 2013 and the landlord is eager to sign a new lease with new owners.
Location: west end of Toronto

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