Synergistic or Turn Around Fashion Retail Opportunity

fashion retailer in canada

Business Details

Company Profile

Listing ID: VANCOBC002-N505

Location: Western Canada

NAICS: 448120

Industry: Women’s Clothing Stores

Business History: Almost 40 Years in Business

Employees: 13 FT and 26 PT

Business Highlights

  • Recognizable brands
  • Loyal customer following
  • Prime retail locations
  • Trained staff are willing to stay

The business is a well-known strong brand with loyal customer base in the women’s fashion retail sector with 4 prime retail locations left in western Canada.

With over $2.5 million in tenant improvements and about $4 million in sales, the business is currently just below break-even and hold about $500,000 in “in season” inventory.

Current owners need to exit the business and are prepared to sell at their shut down cost. This is a limited time opportunity for a strategic or synergistic buyer desiring to capitalize on great high traffic and exposure retail locations with the ability to grow one’s retail or import fashion business through acquisition at a heavily discounted price.

Time line to close transaction before August 1, 2019.

Type of Sale: Asset Sale

Assets Include: Furniture, Fixtures, and Equipment / Goodwill / Inventory

BUSINESS ASKING PRICE

$975,000

Normalized Financial Summary

YEARREVENUESSDEEBITDA
2019 $4,166,000 $22,000 $(78,000)
2018 $5,100,000 $(123,000) $(223,000)
2017 $5,669,000 $(50,000) $(150,000)
2016 $6,169,000 $10,000 $(90,000)
*EBITDA - Earnings Before Interest, Taxes, Depreciation, and Amortization
**SDE - Seller’s Discretionary Earnings
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Canada