Cash Flow: $321,500
The first five months of 2018 interim financials show a 13.2% increase in revenue and an 18.1% increase in net income compared to the same period last year!
This is a rare opportunity to acquire one of Calgary's iconic retail businesses. This established, highly-profitable and growing business provides flexibility to the owner and has a lot of up-side potential! The business was established in 1996. The current owner acquired the business in 2000 and is ready to retire.
With multiple retail locations and a strong online presence, the business has established a leading position in its niche market and successfully services the needs of its loyal customers. One of the locations has recently moved to new premises and has shown continuous growth since the move.
Due to the specific nature of the product lines and the business' second-to-none reputation for customer service, there is very little risk of losing customers to online retailers. The business has direct distribution arrangements with some of the best brands in the segment and targets middle- to upper-end customers who are not highly price sensitive. This provides for higher than normal profit margins. The Company also designed and developed its own high quality line of specialty products.
The owner of the business is responsible for marketing, staff training and inventory management. The owner completely relies on his employees for customer service, in-store inventory management and in-store sales. The owner normally attends 3-4 industry tradeshows per year, to stay in tune with new trends, new product lines, etc., which has proven to be extremely beneficial.
The equipment of the business consists of typical retail store fixtures and one corporate cargo vehicle. Each location was recently renovated and will not need any additional work in the near future.
The seller has agreed to assist the incoming buyer with up to three months of training at no extra cost, to accommodate a smooth transition, and will also be available for consultations afterwards. Up to $200,000 of seller financing is available to a qualified buyer.
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