35 Year Old Clothing Store For Sale

Description

Business type: men’s and women’s clothing retail store

Location: Montréal, Quebec

Established: 1991

Trading history: more than 30 years

Current status: established operating business

Financial information

Asking price: $770,000 CAD

Inventory included: $120,000 at cost

Financial statements: available after NDA

Revenue information: available after NDA

Profitability information: available after NDA

Premises

Store size: approximately 1,800 sq. ft.

Location type: high-traffic retail street

Monthly rent: $2,850

Monthly electricity cost: approximately $120

Monthly business taxes: approximately $500

Monthly insurance cost: approximately $200

Lease

Lease term remaining: 4 years

Renewal option: 5 years

Lease transfer: available

Landlord relationship: established

Occupancy cost: stated as low for the area

Customers

Customer base: established

Customer loyalty: established

Google five-star reviews: approximately 1,100

Suppliers

Supplier relationships: long-term

Sales channels

Physical retail store: active

E-commerce store: not currently in place

Online sales: not currently active

Expansion options

• Launch an e-commerce store
• Add online sales channels
• Increase digital marketing
• Expand customer acquisition beyond the physical store

Training and transition

Seller training: included

Training period: 3 weeks

Reason for sale

Reason for sale: retirement

Further information

Non-disclosure agreement: required

Owner meeting: required before release of detailed financial information

Buyer enquiries: serious inquiries only