MergerPlace

Pandemic Resilient Destination Retailer,

Halifax, Nova Scotia


  • Asking Price: $289,000
  • Gross Income: $1,632,137
  • Cash Flow: $108,281
  • Real Estate: Not Disclosed
  • Inventory: $220,640
  • FF&E: $1,437
  • Listing ID: #223619
  • Established: 1973
  • Employees: 1 FT / 7 PT

Business Description

Pandemic resilient store! A long time premiere destination. Retailing a combination of magazines, newspapers, cards, puzzles, books and convenience items to very loyal and well-read customers.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Nova Scotia
Metropolitan Area: Halifax

Company Information

Year Established: 1973
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT / 7 PT

Financial Information

Asking Price: $289,000
Gross Revenue: $1,632,137
Cash Flow: $108,281
FF&E: $1,437
Inventory: $220,640
Seller Financing Available: No

Property Information

Facilities:

The store is approximately 2,000 sq ft of ground floor space, in a multi-unit residential building, with ground floor commercial, located in a bustling neighbourhood.

Growth & expansion opportunities:

A future area for growth would be with online sales. This is an area the owners are currently investigating.

Competition:

The main target market is customers between the ages of 30-70 with diverse interests. Plus, neighborhood convenience.

Reason for selling:

After 26 years in the business, and in Nova Scotia, the owners are aiming to spend more time traveling with family.

Support & Training:

Will train for 3 weeks @ no cost Magazines, newspapers, cards, puzzles, and books. Convenience items, including lottery and tobacco.

Contact Business Seller

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Business Listed By:

Mark Pothier

Murphy Business Brokers