Storefront Boutique with Trendy Offering
Trendy boutique perfectly located in the downtown core of a thriving city.
If you have been dreaming of becoming your own boss and are passionate about fashion or simply want to embark in a new venture with a solid foundation, this is the perfect opportunity!
The current owner has designed the business with a specific and unique vision in mind and one that caught on immediately with the targeted clientele. Adding a retail storefront and wholesale to the original online business resulted in this company booming and still, there is much room to quickly grow and expand the business for a Buyer who wishes to jump on the opportunity.
The Boutique's products can be found in retail stores throughout 6 Provinces and over 25 retailers carry its products in Nova Scotia alone. We believe expanding the social media presence, the online direct to consumer sales are just a couple of areas of growth which could propel this company on the National, and International market.
The owner will be happy to stick around and assist with a transition to ensure the Buyer is fully capable of continuing to meet the demands of the clientele.
Presently 1 Full Time and 5 Part Time staff
Seller's Discretionary Earnings (SDE) has averaged over $63,000 over the past 3 years.
Revenues have been stable in the past 3 years and have averaged over $251,000.
Approximate inventory $50,000
Seller's discretionary earnings are the pretax and pre-interest profits before non-cash expenses, one owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.
Minimum Equity Required
Leased location in the heart of downtown: $1,750/month taxes and utilities included
Boutique: 1,080 square feet
Basement storage space: 2,080 square feet
Non Disclosure Agreement
I hereby acknowledge that information regarding the following business(es) and/or Seller(s) is being provided to me in SECRECY AND CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) through Gateway Business Brokers.
I agree not to disclose any of the information given in connection herewith, either directly or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purposes or to circumvent Gateway Business Brokers in any transaction or contact with the seller(s). I agree not to make copies of any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the Business. Further, I agree that all inquiries, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Gateway Business Brokers. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business.
I agree that any breach of this Non-Disclosure Agreement (the "Agreement"), directly or indirectly, will be harmful to the Seller(s) and Gateway Business Brokers. In consideration for the information given, I agree that the laws of Nova Scotia will govern this Agreement and that all actions that may arise in law and/or equity shall be brought in Nova Scotia.
It is understood that this Agreement also applies to any information previously supplied by Gateway Business Brokers, verbally or in writing. I understand that neither the Seller(s), the Business(es), its officers, directors, employees, nor Gateway Business Brokers ,shall have any liability as a result of furnishing me the material included in this Agreement.
This agreement also acknowledges that the undersigned Buyer(s) has (have) been advised that Gateway Business Brokers provides Client representation for the seller(s) and Customer representation for the buyer(s) in this transaction, as per the terms that have or will be provided. I agree that should I buy, lease or come into possession of the Business, in whole or part, during the listing term or within 1 year from the expiry date of the listing term, Gateway Business Brokers’ right to a fee, as per Gateway Business Brokers’ agreement with the Seller(s), will be deemed earned. I understand I will be personally liable for payment of any applicable fees, as so reasonably determined, if I breach any clause of this agreement. It is agreed, however, that if a purchase is completed with the assistance available from Gateway Business Brokers, I am not liable for a fee.