Vacuum Retail And Repair Shop Business In Edmonton For Sale

Business description

This 36 year old vacuum cleaner retail and repair shop offers a great reputation and a fantastic location in central west Edmonton. Our seller has owned this business for over 15 years and 65% of this business’ sales are from retail sale of vacuums and accessories and the other 35% is from servicing vacuum cleaners. Some of the servicing is on site and some of it is done in clients’ homes. Seller has 1 full-time employee who has been there for 2 years. Seller is asking only $275,000 for the business including inventory which is currently at $130,000. Sales revenues in 2011 are $353,000 and seller’s discretionary earnings are $89,000 in fiscall 2011. Sales have increased substantially during the first 6 months of 2012 and are expected to be at $370,000 with discretionary earnings. Seller is willing to stay and trian. Anyone who is handy can do well in this business, no formal training is required. Seller will stay on 1 month and train new owner to service vacuums.

Property information

Real Estate:

Lease

Leasehold rent:

$24,000 per annum

Size in square feet:

2,200

Business Operation

Reasons for selling:

Retirement

Trading hours:

M-F 9-6 and Sat 9-5

Employees:

1

Years established:

1988

Other information

Financing available:

Negotiable

Furniture / Fixtures value:

$5,000 (included in the asking price)

Inventory / Stock value:

$130,000 (included in the asking price)