On Alex - Profitable Local Boutique in Salmon Arm, BC

Commercial Real estate listings near Salmon Arm, BC, CA | Quantumlisting
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Listing was updated on: 09/08/2023
Price: 180000.00
location icon Salmon Arm, British Columbia
Business for Sale
1000.00 sqft
  • Year Started 2016
  • Cash Flow 1
  • Gross Revenue 369,000
  • Payroll 1
  • EBITDA 105,325
  • Historical Revenue Growth 1
  • Inventory 50000.00
  • FF&E 13500
  • Equipment included 1
  • Real Estate leased
  • Lease expiration 09302027
  • Annual rent 1700 monthly
Business Description

- Showcase local & global vendors, and artists.
- Products are eco-friendly, equitable, beautiful and useful, and include locally made items sold on consignment.

With a goal to highlight "made local, support local", this business carries many product lines made in the Shuswap/Okanagan, BC, and Canada. This, combined with their successful online store, were the primary factors allowing them to succeed during a global pandemic. The city has a healthy tourist season that extends beyond July and August, and the mission to "support local" resonates with the locals and tourists alike. The business carries local jewelry, skincare products, art, beverages, greeting cards, cleaning products, pottery mugs, and clothing. The owner is still diversifying and continues to add global lines to round out a great selection of products not found locally, such as baskets, Turkish towels, and décor. Located in an area of visible growth, the business strives to curate a unique shopping experience.

Note: Monthly Rent: $1,700 / month; increasing to $1,800/ month Oct 1, 2023.

Facilities

Beautifully finished 1,000 sf. retail location near shops, cafes and the weekly farmers market.

Growth & Expansion

The location city continues to grow and develop thus increasing local shoppers and tourism buying power.
Option to increase revenue by adding larger ticket items such as furniture.

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The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.