This company owns the exclusive rights to sell LG refurbished - latest models, brand new electronic and home appliances in Western Canada.

Vendor operates with 4000 square foot retail space and 20000 square foot warehouse space with on-site certified technicians.

This is a turn-key project. Vendor will train and remain as a consultant with the new owner for a few months.

New Owner must be financially pre-qualified. For information, please contact Vendor's agent Philip at 604-721-7938 or toll free 1-800-295-2102


TRANSACTION OFFERING AS: Share Sales
BUSINESS FOUND: 2006
PROPERTY OWNED: No
BUSINESS PREMISES: approximately 26000 sq ft
ADDRESS: Chiliwack, lower mainland
BUSINESS HOURS: Monday to Satruday 0900 - 1730hr

Year: 2010 2011
Projected:
Annual Sales: 3,240,000 3,300,000 0 0 0
Cost of Sales: 1,654,000 1,550,000 0 0 0
Gross Profit: 1,586,000 1,750,000 0 0 0
Operating Expenses: 911,600 674,080 0 0 0
EBITDA: 674,400 1,075,920 0 0 0
Fiscal Year End: December 31

Property Tax: included
Lease Term: 2014 Option:

OPERATING EXPENSE FOR YEAR: 2011

Gross Rent: $ 213,000
Accounting & Legal: $ 2,000
Advertising & Promotion: $ 24,000
Automobile Expenses: $ 23,000
Bad Debt: $ 7,730
Bank Charges & Interest: $ 21,000
Insurance: $ 3,400
Licenses and Permits: $ 1,450
Management Fee (owner): $ 78,000
Office Maintenance & Supplies: $ 3,300
Repair & Maintenance: $ 4,800
Supplies: $ 9,600
Telephone: $ 8,000
Utilities: $ 18,000
Wages and Benefits: $ 242,000
Misc: $ 10,000
Others: garbage $ 4,800

TOTAL OPERATING EXPENSES: $ 674,080 EBITDA