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Retail Gift Store Banff Alberta - Rare Opportunity For Sale
Banff, Alberta
Asking price $: 395000
Sales Revenue $: 1000000        Cash Flow $: 212000
General Description

Situated in beautiful Banff Alberta this business provides both an income and the coveted need to reside.

From a great location on the busiest street in Banff, the store retails mostly Canadian made gifts, souvenirs, jewellery, art and clothing to a large number of culturally diverse visitors to Banff. (Approximately 4m people a year visit Banff National Park).

The store is different to other stores on the street, serving the same customer base, and is recommended to tourists by the hotels.

This is a well-established gift shop located in a prime location on the busiest street in Banff. There is a good lease that, with renewal clauses now in place, could run for another 10 years.

Though the business creates a good ROI for an investor, the sellers feel that a successful transition would be better made to a more hands on owner / operator.


Detailed Information
Priced to reflect new owners not working.
The current owners work and manage the store. The price reflects a standard calculation of price based on normalised cash flow if the new owners recruited a manager and another member of staff.
 
Reason for selling
Owners retirement
 
Excludes stock at valuation 
Stock at valuation varies from $200,000 low season to $280,000 high season
 
Transition
To be negotiated but the owners are willing to teach new owners then consult as required. There is a policy book in place.
 
Who would buy this business
Someone wanting a pleasant and vibrant business to work in (tourists make happy customers, generally), a decent income and the ability to live in Banff
 
Sector: Store/Shop

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