Annual Revenue: $559,150
Minimum Equity Required: $240,000
Location: New Glasgow, NS
Listing ID: 1199
Listing Status: New
Leslie's Finery, located in New Glasgow, NS.
High Margin business here with speciality services provided to ensure unparalleled satisfaction of its customers. The internet can not replace the human touch.
Owner is not required to be present, given staff training, but loves being a part of the business.
This well established and well known business offers the highest quality undergarments, meeting the needs and comfort of women of all sizes. Simply transition into the business and keep things as is for a nice stable lifestyle and attractive return on your invested time and money.
OR.....for the passionate and energetic, you'll find that some unique and focused marketing, some automation in purchasing, or perhaps taking the knowledge base and creating an online resource/education for those outside your immediate market....there is much room to quickly grow and expand the business.
We have contacts with several global professionals who have proven time and time again what it takes to scale a local business to service a significant customer base. To me, it's worth the time. Growth is always achieved with the right vision, belief, and action. Experience with Etsy, Shopify, or Amazon......to name a few??? The world is your oyster.
The Boutique also carries seasonal wear, elegant wear and bathing wear, adding to the primary source of revenue, the brassieres. The owner will be happy to train and assist for a smooth transition to ensure the Buyer is fully capable of continuing to meet the demands of the clientele.
All staff are extensively trained and certified specialty undergarment fitters.
Presently 3 Full Time and 2 Part Time staff.
Our processes have proven to be 3x more effective than the industry standard, which means less cost and less headache for the Buyers we work with, and they get to achieve their goals faster and more often. 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 all of your questions.
2018 Revenues: $612,679
2019 Revenues: $613,430
2020 Revenues $451,340
* Seller's discretionary earnings are the pretax and pre-interest profits before non-cash expenses, one owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense. * 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.
Leased space with past extensive improvements. $2,000/month all utilities included.