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Premium Loose Leaf Tea & Global Giftware Store For Sale

Penticton, British Columbia, Canada
Asking Price:
$125,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$350,000 (CAD)
Cash Flow:
$50K - $100K (CAD)

Teas & Weaves is an excellent opportunity to own a thriving business in the heart of the sunny Okanagan Valley.
The store features an extensive line of premium loose leaf teas, teaware, global giftware, and hand-knotted rugs. Teas & Weaves has shown steady growth for 16 years and is located in a premier spot on the Main Street in Penticton with a loyal clientele and no local competition.
We are currently shipping tea across Canada with a vast potential for increased online tea sales.
Teas & Weaves has been voted the best retail store by the Penticton Chamber of Commerce.
This is a turnkey operation and is able to provide in-store training.
Asking price is $125,000.00, including assets with inventory negotiable.


For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

The lease ends December 2023 with a renewable 2-year option

Leasehold Rent:

$24,000 (CAD) per annum

Location:

Main Street Penticton

Premises Details:

Located in a prime location in downtown Penticton. Large storefront windows, large open space, kitchen, bathroom and backroom storage. 1 parking space at back of store.

Size in square feet:
1,900

Business Operation

Expansion Potential:

The store has the potential for a vast increase in sales with online shopping.

Competition / Market:

Zero competition of this kind in the South Okanagan.

Reasons for selling:

Retirement

Trading hours:

Monday to Friday, 10 am to 5 pm
Saturday 9.30 - 3.30 pm

Employees:
1 full time and 2 part time
Years established:
16 years

Other Information

Support & training:

Owner would be available for a period of training and support.

Furniture / Fixtures value:
$25,000 (CAD) - included in the asking price
Inventory / Stock value:
$60,000 (CAD)
Website:
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Relocatable:
This business can be relocated.

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