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Art & Custom Framing
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Status: |
For Sale |
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Type: |
Retail |
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Location: |
Calgary, AB |
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Asking Price: |
$160,000 |
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ALLOCATION OF ASKING PRICE |
Inventory: |
$30,000 |
Equipment & Fixtures: |
$20,000 |
Leasehold Improvements: |
$60,000 |
Goodwill: |
$50,000 |
Covenant Not to Compete: |
$3 |
Franchise Rights or Patents: |
$0 |
Real Property: |
$0 |
Other: |
$0 |
Share Net Equity (If Share Purchase): |
$0 |
LEASE & OTHER BUSINESS INFORMATION |
Total Sqare Feet: |
1,550 |
Monthly Lease Expense: |
$6,184 |
Rent Includes: |
cam & utilities |
Lease Expires: |
2011-10-01 |
Price / Sq. Ft.: |
$24 |
Deposit: |
$0 |
Established: |
2002-03-25 |
Option to Renew: |
yes |
Number of Active Owners: |
2 |
Present Owner: |
|
Number of Employees: |
0 |
Full Time Employees: |
2 |
Part Time Employees: |
1 |
Training: |
yes |
Days & Hours of Operation: |
MTWTF 10-9, S 9:30-6:30, S 11-5 |
Current Market Multiplier: |
0 |
Asset or Share Sale: |
asset |
Reason for Sale: |
Other interests |
FINANCIAL INFORMATION FOR YEAR ENDING
2008-07-31 |
Gross Sales: |
$350,000 |
Net Profit Before Tax: |
$30,500 |
Add Owner's Salary: |
$60,000 |
Add Fringe Benefits: |
$13,400 |
Add Depreciation & Interests: |
$7,200 |
Add Other Adjustments: |
$-5,100 |
Total Adjusted Net Cash Flow: |
$106,000 |
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| Other Information: |
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| Property Description: |
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| Additional Information: |
2009 financial statements are being prepared |
| Listing Realtor: |
Pam Ryan |
The above information is from the owner of the business, therefore no warranties or representations, expressed or implied, are made as to the accuracy and reliability of this information.
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