This successful women’s clothing store in Central Ontario is celebrating almost 50 years in the clothing retail industry. This business has built a strong foundation and has an excellent reputation in the community and surrounding areas. This store offers a diverse range of unique clothing, including its own signature label. The nature of the business means that there are no accounts receivables, negating any bad debt expenses. The store is managed by a professional and highly trained team of employees, and so the daily business operations are autonomous. The business has low owner dependency and ample opportunity to expand into e-commerce. The company has a three-year average gross margin of 68% and an average profit margin of 15%. Revenue streams are diversified and steady throughout the year. Moreover, there are untapped opportunities to increase revenues within this business providing the new owner with the opportunity to increase annual sales. This retail industry is expected to exhibit a steady annualized growth rate of 1.8% over the years to 2023.
This is an ideal opportunity for private buyer seeking to acquire a business with low owner dependency, excellent earnings, and opportunity for future growth.
Asking Price: $799,000
Revenue (2018): $796,000
Normalized Seller’s Earnings (2018): $262,000
Normalized EBITDA (2018): $232,000
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