Lucrative Audio and Stereo Retailer in GTA

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Headline Information
PRICE: $279,000
LISTING ID: 1932
TYPE OF SALE: Share Sale
REASON FOR SALE: Retirement
SELLER TRAINING PROVIDED: Yes
MLS Number: Exclusive
NOTES: List of Furniture, Chattels, and Equipment included in the price will be provided. -
UPDATED
selling Audio Shop business in Ontario

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Description
This audio equipment retailer has consistent positive annual cash flow and sales, owing to its excellent location, and strong market position. With its top-tier product line, the business enjoys a large customer base within the GTA and beyond. It has both an online store and an attractive retail storefront. To ensure a smooth handover, the current owner will provide in-depth training to the new buyer. This is the perfect opportunity for a music lover with a taste for high-quality gear. As the new owner, you’ll love the comfortable lifestyle your new business will provide. Listing ID: 1932.
Financial History
Solid, stable and increasing revenues and bottom line. This "Pandemic Proof" business grew online and by appointment only to have its best year ever despite a global pandemic.
Financial Information
CASH FLOW / SDE: $248,000
TOTAL SALES: $875,000
EBITDA: $0
FFE INCLUDED: Yes
INVENTORY INCLUDED: No
INVENTORY AMOUNT: $400,000
NOTES:
Operations Information
INDUSTRY GROUP: Retail Trade
NAICS CODE: N/A
YEAR ESTABLISHED:
NUMBER OF STAFF: 1
ABSENTEE OWNER: No
OWNER QUALITIES: Retail experience an asset. Loves Music and quality music products. -
Location Information
LOCATION TYPE: Retail Street or Plaza
MONTHLY RENT AMOUNT: $6,122
SQUARE FOOTAGE: 2,100 sq ft. (approx.)
LEASE TERM / OPTIONS: June 2024 plus options
RELOCATABLE: Yes
FACILITIES INFORMATION: Retail Frontage on popular street. -
Real Estate Information
REAL ESTATE STATUS: Leased
REAL ESTATE INCLUDED: No
REAL ESTATE ASKING PRICE: N/A

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Disclaimer
Disclaimer: The information in these materials have been provided by the business’ seller.  Nothing contained in these materials has been independently verified by Transitions Realty Inc. or any third party.   It is provided to you for informational purposes only, on and “as is” basis, without warranty of any kind, either express or implied, including but not limited to the implied warranties of merchantability or fitness for a particular purpose.

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