Very Successful Stereo Retailer For Sale in GTA

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.
Very Successful Stereo Retailer For Sale in GTA

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Description
LIVE YOUR AUDIO PASSION: Fantastic opportunity to own a successful audio equipment retailer in the GTA with an amazing exclusive product line. “Pandemic Proof” with consistent sales and profit growth over the last five years and through the pandemic. Business enjoys a strong brand and market position, and an excellent location serving a large customer base within the GTA and beyond. Immaculate retail store front shows very well plus online store. Owner will train new buyer to ensure smooth transition. A service-oriented music lover or audiophile will enjoy providing top quality gear to like-minded customers, and a comfortable life your new business provides. Inventory sold at cost. 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: $
FFE INCLUDED: Yes
INVENTORY INCLUDED: No
INVENTORY AMOUNT: $400,000
NOTES:
Operations Information
INDUSTRY GROUP: Retail Trade
NAICS CODE:
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 2022 plus options
RELOCATABLE: Yes
FACILITIES INFORMATION: Retail Frontage on popular street.
real estate Information
REAL ESTATE STATUS: Leased
REAL ESTATE INCLUDED: No
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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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