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Used Clothing Business w/ Real Estate

New Listing

Listing ID: 1217

Location

Nova Scotia

Description

If stable and reliable income is what you're after, then this longstanding used clothing business is set up to deliver just that for you with its proven model, established suppliers, and experienced key staff. On top of this established business and attractive return on investment, a laid back rural lifestyle rounds out the offering. If you're an analytic with numbers, connect with us today to discover the ROI on your investment, we're certain you'll be excited to see the returns from both the real estate and the business.

We believe there is upside income potential for a more active involved owner, through expense reduction as well increased sales to corporate clients.


Financial Information

4 year average Revenue: $283,000
4 year average SDE: $63,000

* SDE - Seller's Discretionary Earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense. SDE is after mortgage payments and return on capital of 8% for the proposed real estate investment.

Minimum Equity Required

$145,000

Real Estate

1.13 acres with 2 buildings, well and septic included in purchase.

Main building is 1,800 square feet, constructed in 1989, had a new roof installed 13 years ago, and is equipped with a heat pump. Outbuilding of 1,450 square feet was constructed in 1997, upgraded in 2012. Large trailer for inventory storage also included. Property taxes $3,400 annually.

Price

$420,000

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