Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Retail Hat Store On Historic Whyte Avenue
LISTING DETAILS
Firms For Sale ID:
28475
Vendor reference:
8022-12-04
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Commercial property:
Business opportunity:
Asking price:
$115,000
Furniture, fixtures, fittings and stock included.
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$301,755
Net profit / cashflow:
$38,362
Years established:
2004
Trading hours:
Mon- Sat 10 - 6
Sun 12 - 6
Number of employees:
3
Business website:
OTHER DETAILS
Reason for selling:
The Seller wants to Start a Family
Financing available:
Negotiable
Support and training:
The Owner will Stay for 4 weeks to allow for a smooth Transition
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Location 1 ~ 800 SF - $6.00/Sq. Foot Lease available for 5 yrs
Location 2 ~ 1,200 SF - $1,680/MO. Avail for 5 yrs. Location is sublease to another business. Seller only pays 50% of the rent currently.
BUSINESS DESCRIPTION
VR Business Sales Presents: A unique and profitable specialty retail hat business located in the historic Whyte Avenue district and a second downtown location for someone who has an interest in this high margin fashion and accessories hat business. This is the only full service hat store in Edmonton. The business offers hats and other head accessories to both men and women for casual as well as formal and special occasions such as graduations, weddings and vacations. The 7-year-old business prides itself with its high quality product, great customer service and market presence. It has a loyal following with almost half of its revenue generated from repeat customers. Product has 2-3 times markup with additional customize services as add-ons. The business is a fully turnkey with trained staff in place and is well positioned for increased revenues.