Annual Revenue: $1,570,000
Minimum Equity Required: $500,000
Location: Nova Scotia
Listing ID: 1305
Listing Status: New
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.
Annual Revenue and Seller's Discretionary Earnings:
* 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:
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.