Perfect for an ambitious new owner to grow from a solid base.
This Company is engaged in the retailing of beautiful and elegant home furnishings, décor and gifts. The Company serves the Lethbridge and surrounding area and has become a destination retailer within Southern Alberta for timeless home styligs. The Company is exceptionally well branded and has an established, loyal customer base. As a high margin retailer in a highly desirable location, this is a tremendous turnkey opportunity to own a thriving business and capitalize on immediate cash flow.
Furniture, Fixtures and Equipment: $53,000
Lease Hold Improvements: $19,000
Total Asking Price: $225,000
Inventory is separate from the asking price and adjusted at close.
Estimated inventory value: $200,000 – $250,000
Annual Sales: $695,000
Gross Profit: 51% to 55%
Normalized EBITDA: $65,000
Facilities: 5,902 square feet with beautiful lease hold improvements. Turn Key. Located in a busy plaza on a main artery with ample parking.
Growth and Expansion: Yes! The store is on pace to meet $1M in annual sales. Pop up stores, on-site events, creative marketing, crafted customer experience on and off site, interior decorating services, staying ahead of trends, and gift services.
Support and Training: Yes, the Seller will support a smooth transition.
Years: Opened in its current location in 2015.
Employees: 2FT and 3PT
Reason for Selling: A re-focus on family.
Call Clara Piedalue today to capitalize on this optimal business acquisition.
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