Summary
- Asking price:
-
$685,000
- Sales revenue:
- $1,500,000
- Net profit:
- < $500k
- Years established:
- 1997
- Employees:
- 17
Business description
This highly respected business has the most extensive customer base in its marketplace. It has strong contacts and relationships in the local business community and is regularly recognized in the media. Discretionary annual earnings available to the owners have exceeded $200,000.
Property information
- Real Estate:
- Lease
- Lease terms:
- Renewal option to 2018.
- Location:
- The Business is in a highly desirable location in an upscale area lined with complementary businesses and has an excellent long term lease. Walk by and destination traffic is very strong.
Other information
- Expansion potential:
- The income enjoyed by the current owners reflects a comfortable 5-day per week operating model. A new owner may choose to operate the Business in its current efficient, profitable manner or to pursue a number of exciting growth opportunities available to them. These include: extended operating hours; expansion into new locations; expanded product offerings (e.g. private label products); off-site catering and increasing sales efforts to local hotels, restaurants and caterers.
- Competition / Market:
- The Business excels in a niche market with few direct competitors, drawing customers from throughout Vancouver Island and mainland British Columbia. Over the years, the Current Owners have cultivated a broad base of unique suppliers to develop an unmatched mix of products which place it at the fore of its sector.
- Support & training:
- Owner willing to stay for a transition period.
- Reasons for selling:
- Owner looking for a change of lifestyle.
- Trading hours:
- 9 a.m. to 6 p.m. 5 days per week
- Related documents:
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