Specialty Retail Business On Historic Whyte Avenue Edmonton For Sale

Business description

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.

Property information

Real Estate:

Lease

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 Operation

Reasons for selling:

The Owner would like to start a Family.

Trading hours:

Mon - Sat 10 - 6
Sun 12 - 6

Employees:

1FT 1PT 1Manager

Years established:

2004

Other information

Support & training:

The owner will stay for 4 weeks to allow for a smooth transition.

Financing available:

Negotiable

Furniture / Fixtures value:

$12,000 (included in the asking price)

Inventory / Stock value:

$20,000