Teeyah's

Business Opportunity for Sale
Catylist Listing ID: 30456327
Property Subtypes: Retail Stores
Building Size (RSF): 1,500 SF
Sale Price: $69,000
Name of Establishment: Teeyah's
Year Business Established: 2016
Gross Revenue: $250,000 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Plus inventory on close
Last Updated: 10/21/2019

Overview / Comments

Teeyah’s was established in 2016. It is a specialty store selling imported candy, soda and 16 flavours of hard ice cream. Teeyah’s started as a small 500 square foot candy store on Hargrave Street. Teeyah's has now grown into a 1500 square foot store located at 104-240 Graham Avenue in the Cargill building, which is on one of the busiest bus corridors in the city, and in Winnipeg's SHED district. Teeyah's provides a convenient location for all people working, playing and living downtown.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Industry Segment: Independent Stores
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $30,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The facility is approximately 1,500 square feet. The annual rent is $47,316.65. The lease expires July 31, 2023. There is a 5-year lease in place with an option to renew. All utilities are included in additional rent. One parking spot is included, but can be eliminated for a savings of $235 + GST/month
Employee/Labor Description: One full time manager and 2 part time assistants. Owner does not work the store, but a new owner could replace the manager.
Mgmt/Training Support Description: two weeks
Competition/Market Description: very little direct competition downtown
Growth/Expansion Opportunities: city has approved a sidewalk patio area
Seller Financing Description: n/a

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Contact

Photograph of Listing Agent

Steven Beal

Beal Business Brokers and Advisors
CPIX® Member
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