Trendy boutique perfectly located in the downtown core of a thriving city.
If you have been dreaming of becoming your own boss and are passionate about fashion or simply want to embark in a new venture with a solid foundation, this is the perfect opportunity!
The current owner has designed the business over the past 6 years with a specific and unique vision in mind and one that caught on immediately with the targeted clientele. Adding a retail storefront and wholesale to the original online business resulted in this company booming over the past 4 years. Still, there is much room to quickly grow and expand the business for a Buyer who wishes to jump on the opportunity.
The Boutique's products can be found in retail stores throughout 6 Provinces, over 25 retailers carry its products in Nova Scotia alone. We believe expanding the social media presence, the online direct to consumer sales are just a couple of areas of growth which could propel this company on the National, and International market.
The owner will be happy to stick around and assist with a transition to ensure the Buyer is fully capable of continuing to meet the demands of the clientele.
Presently 1 Full Time and 5 Part Time staff
Seller's Discretionary Earnings (SDE) has averaged over $63,000 over the past 3 years.
Revenues have been stable in the past 3 years and have averaged over $251,000.
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.
Minimum Equity Required
Leased location in the heart of downtown: $1,750/month taxes and utilities included
Boutique: 1,080 square feet
Basement storage space: 2,080 square feet