|
Best
retail location in Victoria at the head of Douglas Street and Fort
Street
The inventory at cost is over
$200,000
The seller has made his money for retirement and now would like to
pass this on to someone who loves it. He now wants to spend
the rest of his life travelling before he gets too old to enjoy it
in good health.
Current Asking
price is $189,000 (including inventory) but that may change.
BELOW WHOLESALE
COST IN INVENTORY AND FIXTURES.
RETAIL WOULD BE IN THE $600,000 TO $700,000 RANGE.
The business buys and sells bone china
(mostly from England.) The business has been very successful, is
well capitalized and keeps substantial reserves in the bank (close
to $100,000) for purchases of fine china.
NOTE: BANK ACCOUNT BALANCE IS NOT INCLUDED WITH THE SALE.
When the store pays $500 for some pieces
of china they will expect to get at least $1,500 retail. 1/3 for
expenses, 1/3 for product and 1/3 for profit.
The store operates 10:00 AM - 5:00 PM; 6 days per week.
Closed Sundays and holidays.
- SPACE:
- approximately 3,500 ft²
- main retail in the front 2,000 ft
- 2 areas/rooms for storage on shelves
- downstairs area for shipping and
storage
- RENT:
- $5,200 per month
- includes heat, property taxes and
everything except hydro and telephone
- long term lease available for
purchaser
- EMPLOYEES:
- 3 long term staff
- these well versed employees are
willing (and would like) to stay on
Current owner will share
sales information with qualified buyer if you will fill out a
confidentiality non disclosure agreement with him.
A special emphasis on
discontinued English patterns. The store stocks thousands of
individual items from over 100 manufacturers including:
Aynsley - Coalport -
Johnson Bros. - Minton -
Paragon - Royal Albert - Royal Doulton -
Royal Worcester - Shelley - Spode - Queen Anne - Wedgwood and many
more less known factories.
The store carries a new
economical line called Portmeirion and their associated lines such
as Sophie Conran for Portmeirion you can see them at
www.portmeirion.com.
The store has a registry.
People register for the china they want. When it becomes available
the client is called to confirm, then the china is carefully packed
and shipped. 30% of sales are done this way through this registry.
There are several areas for
expansion
- INTERNET:
- the store has just started a program
to be recognized and found on the Internet especially from
points across Canada
- the Canadian market is our main
marketplace
- the store does a large volume of
business from cruise ships and tourists in Victoria
- a strong Internet presence and
powerful web name
www.wesellchina.com makes it impossible to forget
- ASIAN MARKET:
- the new Internet Program should help
to build this market
- Asians appreciate fine bone china
from England
- entire restaurants and tea houses are
being outfitted
- EVENT RENTALS:
- movie sets
- event planners
- weddings
- celebrations of all kinds
- more always equals more
- STORE HOURS:
- could be extended from the present
10:am - 5:pm Monday through Saturday
|
