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Large Format Sporting Goods Store For Sale (Victoria, British Columbia, Canada) Asking Price:£$500k - $1m

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Large Format Sporting Goods Store For Sale


Revenue £$2,500,000, Net Profit £$100,000, Established 1981

Business Details:

This store has been around for over thirty years and features a terribly robust and toughened workers running operations. a whole renovation was completed last year. Vancouver Island's largest general sports equipment store with over twenty,000 sq.ft. of latest & used product. 
Top whole names, Brobdingnagian choice of Hockey, Lacrosse, Soccer, Baseball/Softball, Athletic attire, Ski & Snowboard instrumentation, attire & Repairs, Bikes, Skateboards, Scooters, Golf, Racquets, Fitness, Boxing/Training provides, Water Sports, curtilage Games, Backpacks/Camping provides and more! Team & company Crested attire & Promotional merchandise. 
 
Offers value-conscious patrons a large choice of name-brand new and quality used sports and fitness instrumentation. 
 
Asking price includes one million in inventory. coaching provided. Last year completed a $200,000+ renovation. Owner isn't terribly active within the business associate degreed there's a decent chance for an owner operator to manage prices higher. Owner will trafficker finance $100,000 at a coffee rate of interest over three years. Terms from vendors can permit another $200,000+ in credit. 
 
The business makes concerning $50,000-$100,000 yearly associate degreed with an owner operator may create well additional. Inventories may be higher managed and payroll may be cut. 
 
2 Options: 
Purchase the business from American state at stock price. 
Purchase [*fr1] the inventory from American state and become a operating partner with payments on the remaining stock over eight years. 
Inventory ought to be approx $1,000,000. 
 

 

This business is merely 35minutes aloof from Vancouver if you are taking the float plane, Harbour Air. From the time I leave my house in North Vancouver associate degreed from the time it takes American state to make the shop it takes an hour and quarter-hour. you'll be able to get rates between $90-$130 every approach taxes in. after you {factor in|think concerning|consider} ferry prices for one person this works close to about constant value, and you shed three hours every approach off your period.

Business Information

Number of Staff

22

Ownership

Freehold

Any Expansion potential

Reasons for selling

To focus on another business.

Any Inventory / Stock value

$1,000,000

Is this a home-based business

No

Property

21,000 sqft

Telephone

Business Location details

Brick and Motor Location in business for 30 years with 21000sqft.

Competition / Market

Source for Sports, Bike Stores, Canadian Tire, Sport Chek, Golf Stores, Mass.

Trading hours

9-6 7 days a week or greater.

Any Support & training

As much training as needed will be provided.

Any Furniture / Fixtures

$200,000

Any Living Accommodation

Can this business be relocated?

Yes

Is this business part of a franchise?

No