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Retail

Hardware Store in Downtown Parksville

Parksville, BC, CAN
Listed 111 days ago
Established 1952

This listing is for the sale of Ormiston Holdings Ltd, which owns the land and buildings, consisting of 142 Morison Ave with 6,997 sq ft of retail space, valued at $2,150,000. The owners are looking to retire and are willing to sell the land and buildings and will offer vacant possession if the buyer does not want the franchise. Asking $2,150,000. There is a second opportunity available for $400,000. Tower Brae Holdings Ltd. which operates as Parksville Home Hardware, Parksville, B.C. This is a well established Home Hardware franchise with a proven record of profits over many years. It is located in the heart of downtown Parksville with excellent traffic flow and is a destination business with many regular customers. Tower Brae Holdings Ltd. is offered for sale at $400,000 which includes $350,000 in inventory. The purchase price would be adjusted to reflect actual inventory at the takeover date.

Location

Prime downtown location in the Parksville

Real Estate

Real Property Included

Franchise Terms

Must be approved by Home Hardware

Management Type

This business is owner operated.

Premises Details

Well maintained almost 7,000 sq ft in the centre of a busy downtown

Size In Square Feet

6997 sq ft retail establishment and 1300 sq ft warehouse

Franchise Opportunity

Franchise Resale

Inventory / Stock Value

$350,000 (CAD) - included in the asking price

Financials

Asking Price
$2.1M
RevenueMost Recent Year
$2.2M
Earnings (SDE)Last Reported
$300K
Assets Value
Undisclosed
Seller Financing
Not available

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