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Well established kitchenware boutique in upscale Toronto neighbourhood

Toronto, ON
Exterior View
Exterior View
Asking Price:$150,000
Gross Revenue:$400,000
Rent:$3,000/Month
Cash Flow:$75,000
Inventory:$110,000
Established Year:1995
Listing ID: 2249963Listing provided by BizBuySell
BUSINESS DESCRIPTION

More than 20 years in business

For over 20 years, Gourmet Kitchens has served the Kingsway neighbourhood of Etobicoke with the finest kitchenware and giftware. Our charming boutique kitchen store provides a beautiful collection of cookware, bakeware, serving pieces, gadgets, knives, linens, mats, barware, small appliances, soaps, cookbooks and much more.
We stock high end brands such as Breville, Emile Henry, Cuisinart, Garnier Thiebaut, Nambe, Le Creuset, Wusthof, Henckels, Global, Peugeot, Riedel, Spiegelau, Sophie Conran and many others.
We service a well-established clientel with a high degree of repeat business.

DETAILED INFORMATION
Location
Toronto, ON
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
500
Lease Expiration
31/08/2025
Employees
5
Facilities
Gourmet Kitchens operates out of a leased 500 square foot facility in a well established mall in the upscale Kingsway neighbourhood of Etobicoke. The location is adjacent to a high end grocery store which generates significant foot traffic. All existing chattels, signage, lighting, computer systems, shelving will remain and are included in the selling price.
Competition
Excellent location in an upscale mall and neighbourhood. High quality tenants and mall anchored by high end grocery retailer. Substantial customer repeat business. Lease is assignable to a new tenant and can be renewed for an additional 5 years. Experienced staff. Strong retail margins and good average sale. No competition with a 4 km radius.
Growth & Expansion
Addition of a web site, social media strategy and direct marketing to customers would improve sales significantly.
Support & Training
The existing owners will provide on site training for a period of 30 days after closing. This will include introductions to all product and service suppliers. Additional training to be provided as required for an additional 30 days.
Reason for Selling
Owners plan to retire.
BUSINESS LOCATION
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Glen Dalzell
Phone Number
Glen Dalzell
Call Phone