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Trendy Gift and Fashion Accessories Boutique for sale in Vancouver, CAN

Vancouver, CANADA (CAN)

Asking Price: Gross: Cash Flow:
$ 150,000 Undisclosed Undisclosed

Furniture and Fixtures Value:
$ 40,000 (included in the asking price)

Inventory Value:
$ 70,000 (not included in the asking price)

Business Summary:
This is a fantastic opportunity for either someone with a passion and love for fashion, or as a growth opportunity with expansion possibilities (examples of businesses and foundations that started up on our street include Lululemon, Urban Barn, the David Sazuki Foundation, and Greenpeace.) Sale does not include our Brand Name, but we will optionally help you establish your own name and you are free to keep the look and feel of our store as is.ABOUT THE STOREThis two story, 5, 000 sq/ft. store has been on the street for over 14 years, and includes 12 years of historical financial data. We are well known in the neighborhood and have been voted and won the Best Gift Store in Vancouver by the Georgia Straight in 2009. We have also been the runner up in 2008, 2011, and 2012. Our store is very much a Lifestyle Boutique, and is situated between two fashionable clothing and accessories stores. Our shopper demographic are primarily women ages 20-40, who have disposable income and mostly shop in Kitsilano for the emphasis on a fashionable and healthy lifestyle.SALE INCLUDES$70, 000 in Inventory Cost (Handbags, Locally/Canadian Made Jewellery, and Gifts - See our website for product lines with the exception of gifts)$30, 000 in fixtures$10, 000 in Computer Hardware and Software, including a fully loaded POS sales system with all of our inventory, vendors (over 200 active), and other operating data already loaded in.LOCATION BREAKDOWNIn total the main store has a total of 5, 000 square feet. Plus an additional ample parking space for 3-4 vehicles in the back. All existing Fixtures and Chattels are included in the purchase.2,000 Square feet for the main downstairs floorspace. This area is newly renovated in 2011 and includes custom made shelving and LED track lighting for Jewellery pieces and handbags, as well as adjustable floating shelves that we use for gifts.1,100 Square feet for the upstairs floor area that was renovated in 2006 complete with a large custom counter area for greeting customers.1,100 Square feet for the upstairs backroom area that we have been using as office space and warehousing. The office area could easily be converted to easy access change rooms for customers. The warehousing area includes a receiving area for product with direct access to storage shed in the back.800 Square feet split between a bathroom up stairs and a staff back room / storage area downstairs.SUPPLIER INTERACTIONWe have over 200 active vendors in the genres of Gifts, Handbags, and Jewellery. The owner and buyer for the store has attended at bare minimum the Toronto and New York gift shows every year since she purchased the store 13 years ago, is well known in the industry, and knows it inside and out. She is willing to initiate the purchaser into the business by taking them to the next upcoming gift show and introducing the purchaser to vendors. Sales includes a complete historical buying department with organized purchase data and archived catalogs.At the end of the day we would ideally love to sell the business and give the new owner the same opportunity that we had to run a busy store in a trendy neighborhood. We have consistently turned profits for the owners, for 12 years (with no exclusions.)

 

   
Year Business was Established: 1999
   
Number of Employees: 4FT/6PT  
   
Facilities / Terms of Lease: The Building is on a 5 Year Renewable lease for $5,500 Triple Net.  
   
Potential Growth/Expansion: Most of the current gift and accessories are situated downstairs. We brought in furniture and home decor accessories and renovated the upstairs to house them. This space is very flexible and could be used for either clothing, with easy to add wardrobes in the current office area, or you could fully expand the space into a large showroom.  
   
Competition: Two small gift stores on the street with some overlapping gift product, but doing no where near our numbers.  
   
Owner willing to train: New owner will be trained on current operating procedures. We can also optionally help new owner establish a brand.  
   
Reason for selling: Expanding Business on Furniture / Home Decor Side.  
   
Seller Reference Number: bm1642794205
BusinessMart.com Listing Number: 150845
 

 

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For more info contact:

604 722 7707
David Issar

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