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Highly Successful Luxury Boutique Seeing Exponential Growth

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Annual Revenue: $1,710,000

Minimum Equity Required: $500,000

SDE: $670,000

Location: Nova Scotia

Industry: Retail

ID: 1305

Status: Sold

Description

If you're looking for a once-in-a-lifetime opportunity to own a highly successful luxury women's boutique, look no further! This boutique has been a beloved part of its charming community for 14 years, offering a one-of-a-kind shopping experience that keeps customers coming back time and time again.

With a carefully curated selection of home decor, women's clothing, footwear, and accessories, this boutique offers luxury and sophistication. But what really sets this boutique apart is the unparalleled shopping experience it offers. From the moment customers step through the door, they're greeted with an inviting ambiance that sets the stage for a truly memorable shopping experience. And the knowledgeable and friendly staff are always on hand to provide personalized attention and help customers find the perfect look for any occasion.

This boutique has just come off its best year yet and is perfectly positioned for additional growth and expansion into the e-commerce market. With a loyal customer base and a reputation for excellence, the opportunities for continued success are endless.

If you're an experienced retailer looking for a new challenge, or an entrepreneur looking to break into the women's boutique industry, this business is the perfect opportunity. Don't miss your chance to own a highly successful luxury women's boutique that offers a one-of-a-kind experience for customers. With 14 years of success behind it, this boutique is ready for its next chapter - could it be with you?

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information

Annual Revenue and Seller's Discretionary Earnings:

2023
Revenue: $1,710,000
SDE: $670,000

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

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

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

The working capital requirements of the company has typically been in the $150k range.

* 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

Operations

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.

*Gateway Business Brokers operates as an independent contractor and is not an agent, employee, partner or broker of the Seller, Buyer or any other party and does not owe fiduciary duties to prospective Buyers. If the business Purchase involves a transfer of real estate, of any kind, the Buyer/Purchaser shall obtain the services of a licensed lawyer for the conveyance and land or lease transfer element(s) of the transaction.

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA For Full Overview
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