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Highly Successful Luxury Boutique Seeing Exponential Growth

Description

This company is not only an ionic part of this lovely, bustling town; it has also become a favorite destination stop for travellers from all across the province and Canada.

This thriving boutique has built an unrivalled reputation for offering an intimate and inviting one-of-a-kind shopping experience where you can buy unique home décor, furnishings, premium brand apparel, footwear, and jewellery.

Since its beginnings eight years ago, they've had a long and steady growth trajectory, while covid had a role in their most recent significant expansion, they are showing no signs of slowing down. This year has seen continuing growth. With an untouched E-commerce market to tap into, the potential for continued long-term growth is exponential.

The sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital shall be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most of your questions.

Financial Information

Annual Revenue and Seller's Discretionary Earnings:

2022
Revenue: $1,570,000
SDE: $590,000

2021
Revenue: $970,000
SDE: $312,000

2020
Revenue: $875,000
SDE: $286,000

* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

** Our expectations are for a minimum 35% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Real Estate

The property is rented with a 5-year lease agreement that comes up for renewal this January, with three additional renewal options each 5 years.

The current rate is $4,487.50 per month or $53,880 annually.

The property is using city water and sewer.