BAY 3 & 4 1730 QUEBEC AVE

Business For Sale in Saskatoon, Saskatchewan

$720,000
PROFITABLE BUSINESS FOR SALE. This business was established in 1978 - 43 years ago and has been owned & managed by the current owner for 30 years. The reason for selling: She is ready to retire. At the most recent year end, June 30, 2021, the annual sales were $1,500,000. Approximately $200,000 is generated by the service department which has 3 self-employed technicians doing repairs on all brands. The store carries the following brands EXCLUSIVELY: Pfaff, Baby Lock, Janome, Husqvarna Viking and also carries Bernina. Fabric Sales are also an additional profit centre that fits in well with the other product lines. The store sells to numerous schools, Hutterite Colonies, 1st Nations, quilters, and the general public. Also, the store offers CLASSES either virtually or in a classroom setting in a part of the business specifically set up for classes. There was a successful move to this location 2 years ago at which time all new fixtures were purchased. The current lease rate is $11.00 per sq. ft. until August 31, 2024, followed by $12.00 per square foot to August 31, 2027, then $13.00 per sq. ft. to August 31, 2029. The staff is fully trained so this is a turnkey opportunity. The Selling Owner is willing to stay on in any capacity that the new owner would like. Makes for a good quality transition! (id:4069)
Address BAY 3 & 4 1730 QUEBEC AVE
List Price $720,000
Property Type Business
Area Saskatchewan
Sub-Area Saskatoon
Floor Area 3,434 Sq. Ft.
MLS® Number SK865116
Listing Brokerage Coldwell Banker Signature
Postal Code S7K1V9

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Jess Nakrayko

Coldwell Banker Signature

210-345 4th Avenue South Saskatoon Saskatchewan S7K 1N3

Office: 3063216951

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