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Niche Retail Store In St Johns For Sale

St. John's, Newfoundland, Canada
Asking Price:
$1,300,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,240,000 (CAD)
Cash Flow:
$350,000 (CAD)

This long-established niche (and very unique) retail store in St. John's, NL is for sale due to retirement of the owners. The business has a highly visible leased location, and a 20+ year track record of 60% margins, as well as strong profitability. The store has re-opened after the enforced pandemic lockdown, and daily sales since are strong.

The owners are not actively involved in the store operation and this will simplify any transition for a new owner. This transaction will be structured as a share transaction for tax reasons.

Please contact the broker to discuss your interest and capacity to close a transaction before signing a non-disclosure agreement and receiving any further information. Serious inquiries only please.

Property Information

Real Estate:

Lease

Location:

Prime retail location

Premises Details:

Newly renovated with a new lease

Business Operation

Reasons for selling:

Retirement

Years established:
25

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$200,000 (CAD) - included in the asking price
Inventory / Stock value:
$100,000 (CAD) - included in the asking price

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