Real Estate for Sale: Saskatchewan, Canada, Profitable family apparel store for sale - Centre Street in retail district

Asking Price: $120,000
Location: Centre Street in retail district
City: Shaunavon
State/Province: Saskatchewan
Country: Canada
Type: Commerical

Business Name: Ken’s Family Fashions
Asking price: $120,000 for building, fixtures, office equipment, etc.; $100,000 to $200,000 for inventory Business Type: Retail clothing and footwear for all family members
Location: Shaunavon, Saskatchewan, Canada
e-mail: kenwjohn@sasktel.net
Phone: (306) 297-2434
Fax: (306) 297-3955
Address: Box 1568 Shaunavon SK S0N 2M0
Detailed description:
• Location - on Centre Street in retail district
• Decoration – Redone in 1986
• Clientele – customers come from surrounding region; men, women, youth and children (6750 in 2005)
• Size of inventory –$120,000 to $200,000
• Equipment – Computer,3 years old; fax machine,1 year old; desks, filing cabinet, large fireproof floor safe; 1 cash register 4 years old; 1 backup cash register older but in working ondition; 2 Janomie sewing machines in good condition.
• Established in 1988
• Full-time Employees: 2
• Part-time Employees: 1
• Competition – low
Facilities
• 6000 sq feet
• 2 storey, basement
• brick and stucco faηade building
• construction - partially framed with stucco; majority blocks; new roof in 2001
• owned
• layout – upstairs bargain area, main floor divided between men’s and ladies, with children at one end, and footwear at the other end, storage area in basement & upstairs
• mechanical – new air and furnace 2004, town water, sewer and garbage
Benefits/Features – wheelchair accessible (main floor only)
Reason for sale: owner retiring
Financial information
• Gross sales $450,000 yearly:
• Seller Finance: possible for either building or inventory or
both; will consider rent to own with low interest
• Financing conditions: Inventory varies from $100,000 to $200,000; this would have to be cash but would consider any stock over a year old at a very reduced price up to 50% off cost. No goodwill charges.
• Seller involvement: transition time; willing to train
• Relocatable: inventory, yes; building, no.
• Fiscal year: Aug.01
• Price includes: $120,000 for building, fixtures, office equipment, etc.; $100,000 to $200,000 for inventory
• Land and Taxes: lot size 50 X 120, taxes per year $6900.
• Proximity to major highway: 30 minutes from Highway No. 1; town is on good highway (37), near other main highway (13)
http://www.geocities.com/pauken82/KensFamilyFashionsSale.html

E-Mail: kenwjohn@sasktel.net