Home Furnishings boutique in the heart of Calgary...$349,000

Alberta

**This image may not be a representation of the actual Business or Property for sale**
Business Type Apparel
Price $349,000
Real Estate Included
Real Estate Value $
Revenue $1,000,000
Cash Flow $160,705
Years in Business 7
Is Inventory Included Yes
Inventory 100000
Type of Sale Share

Business Description

Cashflow: $160,705
Inventory: Approximately $100,000
Business price:$249,000
Business plus inventory: $349,000

Here is your opportunity to own a successful, well established business, that comes with strong brand recognition, valued partners in the local business community, industry and strong recurring customer base. Over the last 7 years this company has established itself as an approachable and attainable option to high end interior design. Being based in a boutique allows customers to easily access offerings and goods without the appointments and commitments expected from design firms with a similar offering. This unique approach allows them to acquire clients easily. Their showroom instills confidence in the shopper through well planned displays which showcase their brands and quality, as well as assuring the client that design aesthetic is “what they love” A successful partnership with a local high end builder (commission based referrals) has allowed them to showcase their work in numerous high end homes over the last 2 years, one of which was recently published. This exposure has had a tremendous impact on walk-in and referral business, creating excellent spin-off. The relationship is not expected to dissolve as they are actively working on 2-3 projects for this builder at this time.
This business has become a recognizable brand for mid-high end products. They
have established a confidence in the promotion and sale of such items, as a result have
acquired a client base who desires to purchase items of luxury. These shoppers are
specifically searching for unique items not available in “off the rack” stores. This unique
shopper and category ensures they do not face competition from chain retailers (pottery
barn, crate and barrel etc) or from venues such as Wayfair.
In addition they have invested years in amassing suppliers who can be trusted to deliver
unique items of quality. Their impeccable business ethics, kindness and respect for all vendors has established strong and reliable relationships with them. They have been sought out by sales reps and brands, offered first access/exclusivity to many due to this excellent reputation. They also have a strong, organic following on instagram of over 4000. These followers are solidly in their demographic and highly concentrated in Calgary.

Facilities

The boutique is strategically placed on a high traffic road connecting some of Calgary’s most desirable neighborhoods to the downtown core. A build to suit renovation ensured incredible street presence, with large windows displaying goods on offer to traffic captured at nearby streetlights.

Growth/Expansion

Future growth opportunities are numerous. The owner has intentionally kept the boutique small as a lifestyle choice. A larger boutique (2500-3500 sq ft) would be a massive benefit as it would allow for more displays and staff, which I have no doubt could increase sales. Expanding the product offering to recognizable brands like Hunter Douglas could expand the already very profitable segment of window coverings. In addition, further developing relationships with high end builders and Realtors under the model