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5 days agoBusiness For Sale – European Antiques

Asking Price: $725,000

+ $400,000 inventory which will sell in store for $1Million+

motivated seller is open to offers

Vancouver, BC

CUSTOMERS: Homeowners, Designers, Collectors, and others

Retail | Consignment | Rentals

This is a great opportunity to acquire a well-established business with an enviable reputation and a loyal customer base. The niche industry is somewhat recession-proof, and the growth potential is phenomenal.

Current fiscal yearend July 31, 2020 is on target to hit $1,300,000 revenue with $300,000 cash flow.

REVENUE
2019: $1,193,996
2018: $1,450,912
2017: $1,276,094

CASH FLOW
2019: $269,247
2018: $304,182
2017: $247,115

CASH FLOW
2019: 22.6%
2018: 21.0%
2017: 19.4%

* 10+ Years in Business.
* Owner not involved in day-to-day operations
* Great manager & staff in place.
* Inventory included ($400,000+) – all purchased within last 36 months
* Customer Deposits included.
* No need for capital expenditures.
* Simple business to operate.
* Multiple revenue streams.
* Extensive training offered to new owner.
* No industry knowledge required, but a passion for customer service is necessary.
* High quality products.
* Long-term repeat customers.
* Well established vendors & suppliers
* Convenient location.
* Good lease.
* High barriers for new competitors.
* Detailed financial information available.

PURCHASE PRICE:

Business: $725,000
Inventory: $400,000
TOTAL = $1,125,000

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