Business Overview:
PRICE JUST REDUCED FOR IMMEDIATE SALE!!
This is a rare opportunity to acquire a well established and very profitable Sears Canada Dealer Store! This 7,700 square foot location was established 10 years ago and just came on the market in December of 2010. With a typical inventory on the floor in excess of $400,000 in merchandise (on consignment from Sears), 2009 sales were $4.3 Million. $3.2 Million was from showroom sales and $1.1 Million was from catalog sales. The store is located in a newer business condo near Millennium Place Recreation Complex. The area is growing rapidly with many retailers and restaurants moving into this part of Sherwood Park. This is a “Big Ticket” sales outlet specializing in major appliances, mattresses & bedding, exercise equipment, patio furniture, lawn mowers, lawn tractors and snow throwers. Home Electronics is another category that Sears wants to aggressively promote out of this location. This store does not currently carry Home Electronics or Mattresses. It is estimated that if a new owner were to add these lines, the gross revenue would increase significantly! This store operates Monday through Friday from 9:30AM to 9:PM and from 9:30 to 5:PM on Saturdays and from 11:AM to 5:PM on Sundays. The store generates their impressive revenues with the efforts of just the current owner, three other full time employees and four part-time employees.
The idea purchaser would be a husband/wife team or family that would be interested in continuing to grow the revenues of this very successful operation. The market area for this Sears store is the County of Strathcona, including the City of Sherwood Park and its trading area population of approximately 90,000. The City of Sherwood Park is on the East border of Edmonton. This location also attracts many consumers from East Edmonton. Strathcona County is an amazing community with many young families. The average age is 37.8 years. The median family income is $102,000. That’s a lot of buying power! According to the Sherwood Park & District Chamber of Commerce (with an active membership of over 1,000 businesses) there has been tremendous growth in Sherwood Park over the past two decades.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
7,700 square foot building in an excellent location!
Market Competition and Expansion:
Outstanding potential for continued growth!
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: