SPECIALTY DESIGN, MANUFACTURING, and TAILORING BUSINESS
Business Description
This company was formed in 1968 and operates in a niche market, commanding high margins for their specialty custom design and manufacturing work. The company can be considered a leader in the industry for various reasons. The custom design and tailoring of these unique items, which include Choir Gowns, Minister’s Vestments, Graduation Gowns, and other Academic Regalia, exists is an industry that is greater than $100,000,000 in Canada alone. The company is currently headquartered in Dartmouth, Nova Scotia and operates from a 1300 square foot facility.
The Company has a diversified revenue base and has demonstrated stable year-over-year revenue and profitability since inception. The Company offers an attractive investment opportunity to a company with an existing base of sales with a desire to grow through expansion or a company with a desire to diversity or establish new operations in this attractive market segment. Through the economies of scale effect, there is certain leverage opportunities that can be recognized.
This business will be a perfect fit for the business owner who recognizes there is opportunity to leverage their current employee resources, equipment, existing space required for operations, add additional service offerings, ease the slower periods, and likes the idea of being a provider of services that have very little competition and command high margins.
I Am Interested
Pictures
No pictures currently available.General Information
CUSTOMER & REVENUE BASE
The long standing customer base of this company supports the quality and value of its offerings, all of which can be expanded with a little marketing effort. Current relationships with some customers date back over 50 years, who include Church Choirs, Lay readers, Clergy, Universities, Schools and Photographers. It is estimated that 60% of the company’s business comes from the Atlantic Provinces, with the remaining orders from across Canada and occasionally, from other countries.
STAFFING
Currently, just the owner, who has a degree in Fashion Design and Technology from George Brown College in Ontario, and one (1) Part-Time employee, who has a degree in Costume Design from Dalhousie University and is a very talented seamstress, work in this business. Transition Support will be provided. Store frontage is not necessary as most orders are processed by mail/phone. Very few customers actually visit the shop.
GROWTH & EXPANSION POTENTIAL
A full Business Plan has been prepared, identifying the marketplace, numerous growth opportunities in each segment, marketing strategies, employee requirements, and operations to assist in gaining a much greater share of the market. Seller has been quite busy with a new family and has not spent the time to grow this business to its full potential.
Financial Information
$59,000 (includes all equipment and inventory)
- EQUIPMENT valued at approximately $5,000
- INVENTORY is valued at approximately $33,000
- GOOD WILL has been valued at approximately $21,000
Sellers Discretionary Cash Flow: approximately $45,000 in 2008 Economies of Scale Impact through a merger: add an additional $10,000 or more to bottom line.
Furniture Fixtures & Equipment: All FF&E required for business included in price.
Inventory: Included, approximately $33,000
Financing: On Approved Credit
REASON FOR SALE - Owner will be relocating to Prince Edward Island for Family reasons.
Real Estate / Lease
Real Estate Available: Currently operating from a 1300 square foot leased premises. Can be cancelled or renewed.
