Dynamic Online and Bricks and Mortar Retailer

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  • Price: $ 1,595,000
  • Location: Victoria, British Columbia
  • Industry: Retail / Wholesale
  • Listing ID #: 5851
Details Request for Listing

Ref # : 5851

Agent/Broker $ 1,595,000

Description

Founded in 1969, this business is a tradition in its local community and a delight to customers the world over. Rarely do such tremendous businesses become available but father time has caught up to this business owner (also the founder) and it is time to finally move on.

It is a rare business that can say they are a world leader in a product that most all of us own or have owned and yet so unique and exclusive it is owned by British royalty… and bought at this store!

Time hones a craft and so time was used to truly understand the opportunity in a product and how to leverage it in a new and evolving marketplace. This confluence of intelligent effort and opportunity has brought the business to its current admired state

Still there lies opportunity in what it probably the most exciting and differentiating aspect of this business. This is one of only two places in North America – and we should say world since sales are coming from Asia, Europe and Australia – where one can procure this incarnation of a one of a kind product. A great portion of this aspect of the business happens through corporate clients. A strong business to business operator could really see tremendous growth here.

The business boasts above average margins in their sector and benchmark metrics show there are opportunities to improve operations and see more profitability from the store without damaging top line sales.

Even when government COVID subsidies and relief from the landlord are removed from the income statement, this business showed decent profits March through July and VERY good profits since the store reopened in May.

This is a business with a great story to tell and a bright future to enjoy.

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