FOR SALE

Babic Electric
(Serving British Columbia Since 1952)
Vancouver, British Columbia 

$169,000

Lamp and Lampshade Retailing, Wholesaling and Manufacturing Plant
Experts in Lampshade and Chandelier Repairs.

Located "On the Drive"
952 Commercial Drive, Vancouver BC V5L 3W7

WHERE THE VALUE IS:

Retail value of inventory:
Additional components could be as much as $40,000 more
$40,000
Fair market value for the equipment as it is today: $75,000
Cost to replace the equipment new:
(for reference only)
$150,000
Value of leasehold improvements:
(Power is in place to run all equipment and the building is zoned for manufacturing.)
$35,000
Patents, proprietary processes or anything else of value not yet noted:
(the Babic Name, Address, Phones and History. (Yellow Pages Ad for over 50 years.)
$50,000
Templates, patterns and custom design process for the manufacture of retro and custom designed lampshades.  (Minimum value declared by owner): $60,000
Component inventory (mentioned above): $40,000
Total value: $300,000
ASKING PRICE $169,000

This is a Superb Business Opportunity for Some Very Basic Reasons:
  • 55 years of history and goodwill
  • Babic Electric Ltd. has a very strong history with which to plan expansions and franchising
Location, Location, Location
  • Located "on the drive"
  • one of Vancouver's most interesting shopping and dining areas
  • was listed by Time Magazine as the 9th most interesting street in North America!
  • a five or ten year lease is available at this location.
Assembly Plant
  • parts and machinery included with this business can be utilized by the owner for manufacturing lampshades and assembling lamps
  • alternately this assembly division could be contracted out or could be sold to the highest bidder
Repairs
  • repairing lampshades, lamps and chandeliers is a very profitable division of this business
  • owner is willing to train and show off her excellent repair skills to the new owner if desired
The Business
  • Retail
    • lamps and lampshades of all shapes and sizes are making a huge comeback with all ages in designing "living space"
    • suppliers, world-wide, are readily available to sell or consign their products to a successful retailer/wholesaler
  • Wholesale
    • Babic Electric Ltd. has supplied businesses, hotels and retail outlets with standard and custom designs for over 50 years

Included with Sale:

  • all present retail stock
  • all fixtures
  • all lamp and lampshade parts and machinery

This Business Opportunity Has Superb Potential
and is Ripe for Quick Expansion!

 

ABOUT THE COMMUNITY:

  • CLICK HERE to view an interactive map. (once map is open click on it to zoom in and out)

  • Please visit vancouver.ca for information about the community.

  • See Also: On the Drive, Events at Commercial Drive Venues.

For more information
please contact:

Lynda

(604) 418-0540

8 lynda@theneweclectic.com



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This Page Last Revised
 January 23, 2007

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