Unique chance to acquire a sewing industry powerhouse. For seven decades, this
business has been the go-to destination for all sewing needs providing a comprehensive
solution for all sewing needs of the latest sewing technology, from machines to software
and accessories. This business is one of the largest sewing suppliers in the province,
offering industrial sewing machines, sergers, cutters, and more. With a three-year
Weighted Average Normalized EBITDA of over $160,000 annually (including management
fees), this opportunity guarantees years of income and endless growth prospects. The
owner is committed to providing extended training for a smooth transition. Please note
that the inventory, valued at approximately $500,000, is not included in the price. This is a
confidential share sale; all potential buyers must sign an NDA before receiving further
information.
- Asking Price:
- $500,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $1M - $5M (CAD)
- Cash Flow:
- $100K - $250K (CAD)
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$108,000 (CAD) per annum
- Location:
-
Vancouver BC
- Premises Details:
-
5283 sf warehouse with retail and office
- Size in square feet:
- 5,283
Business Operation
- Competition / Market:
-
Industrial : none, retail 4
- Reasons for selling:
-
retirement
- Employees:
- 9
- Years established:
- 70