Listing ID: VANCOBC002-N505
Location: Western Canada
Industry: Women’s Clothing Stores
Business History: Almost 40 Years in Business
Employees: 13 FT and 26 PT
- 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
**SDE - Seller’s Discretionary Earnings
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