Designer & Solid wood furniture boutique, Okanagan Valley
$199,000.00 (Cdn)
Business Location: British Columbia Postal Code: V2A Relocatable: No
Business Categories:
Retail Stores & Trade Consumer Goods & Services
BUSINESS FEATURES
$1,300,000 annual sales & cashflow. Prosperous growing city in B.C. wine country with ski hill & freshwater lakes. Easy to operate with trained staff & point of sale computer system. Exclusive high quality product lines that make the big box stores look silly. Loyal customer base. Great family business with excellent working conditions and community status. Owner is retiring after 25 sucessful years. Penticton is a very friendly place with a high growth rate, new convention centre, and a retirement destination. A main shopping area for a lot of smaller towns in southern B.C. Good schools with lots of outdoor recreation, beaches, etc.
FINANCIAL INFORMATION
Up to date financial reports and tax returns available to qualified buyer. $1,300,000 annual sales with good returns and cashflow. Operating credit lines available from suppliers that new owners could qualify for as the store is one of their main established accounts. Owner has 25 years experience and has negotiated excellent terms and pricing with established suppliers. A new point of sale computer system is just being installed to make bookkeeping and inventory control easy to operate and inexpensive.
MARKET & COMPETITION
Quality furniture made with real wood and leather has very little competition as most stores focus on price. Today's consumer wants more and is better informed. Health concious people also don't want particleboard products with glue fumes in their homes. We educate shoppers as they come in and people love the service. Our custumers are very loyal because it's hard to find honesty with the big stores. It's also hard to shop furniture on the internet as you can't tell from a picture how it's made.
INCLUDED, EXCLUDED & OPTIONAL
- INCLUDED in the Price -
hi profile turnkey store with signage & leasehold improvements
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