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63 560 Johnson St
Vi Downtown VICTORIA V8W 3C6

$59,900 /year
Commercial Sale

Main Photo: 63 560 Johnson St in VICTORIA: Vi Downtown Business for sale (Victoria)  : MLS®# 654228
Photo 1: 63 560 Johnson St in VICTORIA: Vi Downtown Business for sale (Victoria)  : MLS®# 654228
Photo 2: 63 560 Johnson St in VICTORIA: Vi Downtown Business for sale (Victoria)  : MLS®# 654228
Photo 3: 63 560 Johnson St in VICTORIA: Vi Downtown Business for sale (Victoria)  : MLS®# 654228
Status:
Sold
Prop. Type:
Commercial Sale
MLS® Num:
654228
Sold Date:
May 31, 2014
Build. Type:
Retail
This business has been under current ownership for 20 years. Has provided an excellent return to the owners, who only work there part time, in previous years to the economic turn down. Full time staff (2) have worked there, and managed the store, for years. 3 part-timers help customers choose and make items. This is probably the largest BEAD store in Canada, & maybe in North America. Beads are in a cyclical demand, and when demand was "in", the owners made 200,000 p.a. plus. Last year provided approx. $56,000 to owners. Almost a "hands-free" business. Large stock (approx. $180,000) so as to meet customer requirements. On-Line selling can be extended. Owners retiring. On asking price plus stock gives a 23% return. Utilities are $125 p m.
Price:
$59,900 /year
Property Type:
Commercial Sale
MLS® Num:
654228
Status:
Sold
  • Photo 1: 63 560 Johnson St in VICTORIA: Vi Downtown Business for sale (Victoria)  : MLS®# 654228
    Photo 1 of 3
  • Photo 2: 63 560 Johnson St in VICTORIA: Vi Downtown Business for sale (Victoria)  : MLS®# 654228
    Photo 2 of 3
  • Photo 3: 63 560 Johnson St in VICTORIA: Vi Downtown Business for sale (Victoria)  : MLS®# 654228
    Photo 3 of 3
Listed by Pemberton Holmes - Cloverdale, sold on May, 2014
Data was last updated October 22, 2020 at 04:05 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$385,000
Min list price:
$34,000
Max list price:
$6,325,000
Avg days on market:
140
Min days on market:
13
Max days on market:
1,190
These statistics are generated based on the current listing's property type and located in Vi Downtown. Average values are derived using median calculations.
ALAN PRATTEN
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.