This company is not only an ionic part of this lovely, bustling town, it has also become a favourite destination stop for travellers from all across Nova Scotia 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, with 2022 showing continued 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, if not all, of your questions.
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
The property is leased on a 15 year term, with a 5-year lease renewable.
The current rate is $4,487.50 per month or $53,880 annually.
The property is using city water and sewer.
