High margin specialty service and retailer - click for details

Listing ID

1199

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Location

Atlantic Canada

Description

High Margin business here with speciality services provided to ensure unparalleled satisfaction of its customers. The internet can not replace the human touch. Owner is not required to be present, given staff training, but loves being a part of the business.

This well established and well known business offers the highest quality undergarments, meeting the needs and comfort of women of all sizes.

Simply transition into the business and keep things as is for a nice stable lifestyle and attractive return on your invested time and money. OR.....for the passionate and energetic, you'll find that some unique and focused marketing, some automation in purchasing, or perhaps taking the knowledge base and creating an online resource/education for those outside your immediate market....there is much room to quickly grow and expand the business. We have contacts with several global professionals who have proven time and time again what it takes to scale a local business to service a significant customer base. To me, it's worth the time. Growth is always achieved with the right vision, belief, and action.

Experience with Etsy, Shopify, or Amazon......to name a few??? World is your oyster.

The Boutique also carries seasonal wear, elegant wear and bathing wear, adding to the primary source of revenue, the brassieres.

The owner will be happy to train and assist for a smooth transition to ensure the Buyer is fully capable of continuing to meet the demands of the clientele. All staff are extensively trained and certified specialty undergarment fitters.

Presently 3 Full Time and 2 Part Time staff.

2018 Revenues: $612,679
Seller's Discretionary Earnings: $88,614

2019 Revenues: $613,430
Seller's Discretionary Earnings: $116,389

Price
$249,000 + Inventory

Leased space with past extensive improvements.
$2,000/month all utilities included.

Please watch our Buyer video where buying a business is explained. Our processes have proven to be 3x more effective than the industry standard, which means less cost and less headache for the buyers we work with, and they get to achieve their goals faster and more often. Your success is our passion, adding significant value to the lives we touch is our daily focus!!

Thank you!

Financial Information

2018 Revenues: $612,679
SDE: $88,614

2019 Revenues: $613,430
SDE: $116,389

* 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

$240,000

Real Estate

Leased space with past extensive improvements.
$2,000/month all utilities included.

Price

$249,000 + Inventory

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.

Non-Disclosure Agreement