Quality Time Piece & Jewellery Retailer
Location British Columbia,Canada
Asking Price Range $250K - $500K
Gross Revenues $568152
Net Profit / Cash Flow $156663
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1997
Number of Employees 4 - 5
Inventory 299437
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Reason for Sale Retirement
Description During an extended period of recession and business struggles, especially within the retail sector, it is refreshing to see a retailer of quality products report continued year over year growth since 2008. This specialty retailer offers quality brand recognized watches and clocks, a selection of jewellery, along with repair and customer jewellery services. The business is located in the Metro Vancouver Regional District within one of the faster growing communities in British Columbia.
The owner's business model has focused on offering quality products, quality custom work and quality service. This is reflected in the statistic that 95% of customers entering the store buy something.
With the economic recovery now picking up pace, and the growth within the Metro Vancouver market place, in particular the geographic area surrounding the store location, the business is poised for yet further growth for years to come.
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