This retailer serves a diverse customer base that seeks clothing or gear for most outdoor or recreational sports and activities. The merchandise it carries ranges from bikes to clothing, or camping gear to footwear, and much more. With long-standing suppliers and diverse sources of merchandise, as well as skilled sales and service staff – customers come back year after year. The customer base are predominantly families and range from youth to seniors, but all equally passionate to be outfitted to enjoy the great Canadian outdoors.
The premises exudes an upbeat ambiance that attracts loyal customers and is in a high-visibility and high-traffic location. All assets of the business are included in the price. The business has staff and management in place, including key store management which will allow for effective transition of business to a new owner.
The ideal buyer will have knowledge / experience in durable goods merchandising or retail. This business could also suit a strategic or financial buyer, where the new owner can take advantage of proven business model and consistent financial results – with minimal additional investment.
Type of Sale: Share Sale
Business Asking Price: $4,599,000
Inclusions in Asking Price: Operational Balance Sheet Inclusive of Furniture, Fixtures, & Equipment; Goodwill; Leaseholds; and Normal Net Working Capital of $570,000 (Inclusive of Inventory)
Premises are over 10,000 sq. ft., in a great location with long-term lease in place.
Growth opportunities and expansion potential available in a confidential marketing summary, please contact us for more information.
Detailed on comprehensive CIM package. $570,000 figure is for net normal working capital deemed transferred (inclusive of $400,000 average inventory)
Vendor will provide an agreed period of training and transition to the new owner.