104 - 1397 FAIRVIEW ROAD Penticton, British Columbia MLS# 181267

$ 299,000

Description

The Light Choice. Well established, successful turn key lighting store. 25 year track record. High exposure site, in a strip mall with other complementary home improvement shops in the heart of Penticton. Retail storefront sales & a wholesale supplier to numerous projects locally, and throughout the entire Okanagan/Similkameen, Kamloops & the Island. The business only is for sale. Inventory amount negotiable. Attractive lease in place til July, 2023 with provision for a 5 year extension beyond then. Bright, modern 2000 sq ft showroom with high ceilings + extra storage area & office space. Grosses in the $800,000 range per year, with tidy retained earnings. Package available with a signed NDA. Opportunities to increase sales with a bigger online presence, and/or extending store hours. Current hours 9 ââ¬â 4:30 weekdays, NO WEEKENDS, with a staff of four. Current owner nearing retirement & will sign a non-compete agreement, and assist in transition for the new owner. Opportunity knocking! Please contact Geoff@GeoffCowling.com (id:22688)

Overview

WaterMunicipal water
SewerMunicipal sewage system
HeatingNatural gas
Listing Office:ROYAL LEPAGE LOCATIONS WEST

Location

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