Excellent opportunity to step into an existing high-volume clothing apparel business that supplies all over Canada and some into the United States.
This high margin easy to run business has excellent branding and makes custom-made shirts, hats, mugs, embroidery hoodies, and even custom pillows for couches and decor. The main suppliers are camping stores and resorts who pay 50% up front and maintains excellent cash flow for this business.
2023 sales for the year are coming out at 1.1 million versus $750k in 2022. The overall margins are very strong. 2023 P + L is coming out at $223,452 in owner discretionary income for the year.
The current owner owns the building and can do a long-term lease with the new owner. This business can be easily relocated to any where in Canada as well as an option.
There are strong staff members in place for long-term stability, and have sales agents across Canada who are supplying more clients.
The current owner will stay on for a while and stay in a sales role to increase further growth for new owners. Vendor financing can take shape where the current owner will vendor finance a portion of the business with interest.
The price is $699k and one will need around $200k down to qualify for this purchase.
Once an NDA is signed then the name of the business and financials will be provided.
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