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Property For Sale Or Rent: Retail Chain For Sale!

Canada, Ontario

London
Ontario
Canada

Property for sale: $399,999 USD

Retail Chain For Sale in London, Ontario Canada

Tye's of London - Menswear Chain For Sale - London Ontario, Canada

The Tye's of London concept specializes in sweaters, golf shirts, dress shirts, accessories, gifts ad novelty items. The concept has developed a fantastic reputation and has secured a significant portion in the market.

Tye's of London - Menswear Chain For Sale - London Ontario, Canada

The Tye's of London concept specializes in sweaters, golf shirts, dress shirts, accessories, gifts ad novelty items. The concept has developed a fantastic reputation and has secured a significant portion in the market. The current owners have achieved this by providing a strong item merchandising concept with exceptional value in a fashion forward manner. Tye's of London has strategically taken advantage of the current trends in the market and successfully positioned the stores as a value driven concept with a strong emphasis on exceptional customer service. The result has been a solid market share and very loyal customer base.

The current business has three in-line stores in some of Ontario's most successful major shopping centers and operates two temporary locations during the Christmas season. The company also operates five independent satellite locations with another retail concept. In all there is significant room for expansion. The current business has been in operation since 1992 and has enjoyed very good success during that period. Fiscal 2005 is on track to again exceed projections.

Targeted sales this year will exceed $1,000,000 total and the business is currently enjoying a 8% sales increase year to date as of July 31st.

Income

Estimated Sales 2005 $1,056,000

Cost of Sales $623,040 59% Inc. Freight

Financial G.P. $432,960 41%

Operational Expenses

Rent$134,400

Salaries $148,000

Vehicles $11,028

Legal $3,300

Workman's Comp. $1,500

. Charges $13,068

Bank Fees$2,100

Store Supplies $6,500

Insurance $6,900

Miscellaneous $12,000

Total Expenses $338,796

Brokers welcome

Property Summary

Offered by		Owner
Features		Furnished, Appliances, Pet Friendly, Laundry Room, Balcony, Cable TV, Mountain View, Located A 4 Minute Walk From Village Centre, This Spacious 3 Level Unit Offers Comfortable Accommodation For Up To 9 People., Keyless Entry System With Multiple Code Facility., In House Sauna. In House Laundry., Large Dining-Living, Vaulted Ceilings And Spectacular Views!, Two Bedrooms, A Loft Bedroom, 2 Full Baths, Large Well Equipped Kitchen., Many New Appliances. Internet Kiosk And Public Phone Booths In Building., Directly Located On The Mogul Run... Ski In/out Door., Hot Tub And Games Room Located On Same Floor., Wood Fireplace., Very Well Maintained Building., Excellent Rental Income Of Over $17000 During 2004/05 Season. Willing To Assist New Owner/s To Maximise Rental Income. Early 2005/06 Bookings(over $3700) Already In Place., Comes Fully Furnished - Ready To Enjoy Or Rent Out. Music System, Tv, Vcr, Collection Of Books And Movies, Queen Size Sofa Bed, Furniture, Pots, Pans, Utensils And Much More Comes With The Unit.,