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Thriving DIY Home and Furniture Decor Business

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Complete NDA for Full Overview

Annual Revenue: $760,000

Minimum Equity Required: $100,000

SDE: $0

Location: Nova Scotia (HRM)

Industry: Retail

ID: 1348

Status: New

Description

AIf you have a love for beautiful things, beautifying spaces, working with and for great people, then this thriving furniture and decor retailer is sure to turn your head! Already an a multiple award winning player, some of the most appealing aspects of this operation are the margins being generated on many of their products, as high as 95% and most averaging 85% or more.

With a full time hands on owner/operator, there is only need for 1 other FT worker, along with 2-3 PT workers to support the business.

Excellent location with a TON of love put in to set the space up. It looks great!

HRM is booming and expected to continue to boom. Are you ready to leave your mark?

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

Fiscal Year End is March 30 (still working on calculations)

2023 In-House Financial Statement (April 1, 2022 to March 30, 2023)
Revenue: $760,000

2022
Revenue: $677,000

2021
Revenue: $344,000 (7 months, also shut down for 6 weeks)

* 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

Leased premises, excellent high traffic location.

3,668 square feet
6 year leased commenced April 1, 2020

During the first two years of the Term, the annual sum of $80,696.00, payable in monthly instalments of $6,724.67, each, based upon an annual rate of $22.00 per square foot of the Rentable Area of the Leased Premises;

During the third through fourth years of the Term, the annual sum of $88,032.00, payable in monthly instalments of $7,336.00, each, based upon an annual rate of $24.00 per square foot of of the Rentable Area of the Leased Premises;

*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

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

Complete NDA for Full Overview
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