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Successful Ontario Eyewear Distributor For Sale

Not Disclosed, Ontario, Canada
Asking Price:
$1,495,000 (CAD) Inventory / Stock included
Sales Revenue:
$1,123,596 (CAD)
Cash Flow:
$218,604 (CAD)

This is your opportunity to acquire a highly successful Canadian retail distributor specializing in non-prescription sunglasses and reading glasses that is based in Ontario. The company has a name brand recognition available to prospective buyers who sign our NDA. The firm has been in business for over 50 years with a simple successful low cost operating model. There is excellent customer breadth and continual product updates that keep customers coming back.

We are listing the business with one acquisition price that includes a reasonable multiple of normalized cash flow plus a purchase price allocation for surplus net working capital. This surplus NWC includes all A/R - A/P at closing plus a purchase price allocation for excess Inventory. The base business listing price includes $200,000 in inventory at cost. Terms on the payment of the surplus net working capital (A/R-A/P + excess Inventory) component of the sale may be arranged with the seller for up to 90 days after closing.

Property Information

Real Estate:

Lease

Premises Details:

The business operates out of a modern commercial distribution facility with a long term lease.

Business Operation

Expansion Potential:

Significant potential for growth exists.

Competition / Market:

Some competitors exist in every market.

Reasons for selling:

The owner is retiring.

Trading hours:

Monday-Friday 8:30am-4:30pm

Employees:
3 FT
Years established:
50

Other Information

Support & training:

Will train for 10 weeks @ $0 cost.

Inventory / Stock value:
$304,972 (CAD) - included in the asking price