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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.
Prime retail location
Newly renovated with a new lease
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