Established Canadian businesses - For Sale by Owner - in Canada
Listing # 02211002
Business For Sale
High-End Men's Clothing Store
$35,000.00 (Cdn)
Business Location: South Central Ontario Postal Code: L6A Relocatable: No
Business Categories:
Retail Stores & Trade Clothing & Textiles
BUSINESS FEATURES
A very high-end men's clothing store with exceptionally high gross margins. The store is in immaculate condition and is one of the nicest stores in the area. The business sells superior brands such as Hugo Boss and Armani and also imports their own exclusive line of high-end Italian suits. The business is in an immaculate strip plaza with superior visibility and traffic. Great opportunity to buy into a good business at a very low price and start earning revenue from day 1.
***The business is priced to sell - the current owner is NOT active in the business operation and must sell for family reasons.
FINANCIAL INFORMATION
The business enjoys gross margins that are higher than most retail stores, since they sell exclusively very high end brands. Revenue is approximately $200,000 per year (during the recession) and they are poised for more growth. Rent is approx. $3300/month for about 1600 sq ft of space. Profit to an active owner/operator is about $45,000 per year.
MARKET & COMPETITION
Good market. The business is in a high net-worth area with a good demographic profile. Significant opportunity for someone who wants to take an active role in running a profitable and growing business.
INCLUDED, EXCLUDED & OPTIONAL
- INCLUDED in the Price -
A very high-end men's clothing store for sale in North GTA. Everything is included to run the business: all leasehold improvements (worth over $80k to construct the store), computer system, fixture, vendor relationships, customer data and all goodwill and everything belonging to the seller used to operate the business.
- EXCLUDED from the Price -
Inventory is extra, at cost (approximately $40k). Some owner assistance may be available for inventory financing.
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