The business is a well-known strong brand with loyal customer base in the women’s fashion retail sector with 4 prime retail locations left in western Canada.
With over $2.5 million in tenant improvements and about $4 million in sales, the business is currently just below break-even and hold about $500,000 in “in season” inventory.
Current owners need to exit the business and are prepared to sell at their shut down cost. This is a limited time opportunity for a strategic or synergistic buyer desiring to capitalize on great high traffic and exposure retail locations with the ability to grow one’s retail or import fashion business through acquisition at a heavily discounted rate.
Time line to close transaction before August 1, 2019.
Type of Sale: Asset Sale
Asking Price: $975,000 (OBO)
Inclusions in Asking Price: Furniture, Fixtures, & Equipment; Goodwill; and Inventory
Growth opportunities and expansion potential available in a confidential summary, please contact us for more information.
Vendor will provide an agreed period of training and transition to the new owner.