Business for sale in Canada - Second hand store
| Asking Price: | 350,000 $ CDN |  |
Real Estate: | Lease |
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| Sales Revenue: | 1,056,034 $ CDN | ||||||||||
| Net Profit: | 108,868 $ CDN | ||||||||||
| Year Established: | 1996 | ||||||||||
| Employees: | 6FT, 4PT | ||||||||||
| # of family members employed: | 2FT | ||||||||||
| Location criteria: |
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Business types:
Franchise; Retail
Business categories:
Apparel & Accessories; Computer Retailers ; Electronics & Appliance Stores ; Entertainment & Media; General Merchandise Stores ; Gift; Hobby & Crafts Stores ; Home Furnishings ; Jewelry Stores ; Music Stores ; Personal Care; Sporting Goods Stores ; Sports & Recreation
Business description
Second hand store caters to predominantly blue collar workers living within 6 kilometers of the store. A small portion of the customers liver in an expensive area just to the north of the store. These customers purchase jewlery from the store. Used jewelry has very high profit margins. There are 4 shareholders, two who are active in the business, 2 are passive. One partner wants to leave Canada and the other partners cannot afford to acquire his shares. The owners are looking for a buyer to acquire the interests of the one shareholder or who is interested in acquiring all 4 partners shares.
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | training by own owners and franchisor |
| Reasons for selling: | retirement |
| Financing available: | non |
| Inventory / Stock value: | $80 |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | 3 more years in existing lease | Location: | central Toronto |
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