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Fashion retail chain
Consisting of multiple fashion boutiques focusing on designer fashion
•Saltwater is a retail chain consisting of multiple fashion boutiques focusing on designer fashion. The boutiques are rented and are located on renowned AAA shopping streets.
•The owners have over 30 years of experience in the fashion industry. The company employs 7 people, of which 1 full-time and 6 part-time employees.
•The Company is a prominent player in designer fashion and brings together the best of different fashion worlds.
•Turnover fell slightly due to a limited focus on online sales and a limited number of events, but these can easily be relaunched.
The Company is located near the Belgian East-Coast, close to the Dutch border.
The owners want to focus on other more ‘non-competitive’ activities and aspects in life and therefore made the strategic decision to sell 100% of the shares. In order to guarantee a smooth transition, the owner/manager is willing to remain active in the Company for a predetermined period. The duration of this period can be tailored to the needs of the buyer.
FY 2017 (N) - Sales: 2.564M EUR/ EBITDA%: 16%
FY 2018 (N) - Sales: 2.421M EUR/ EBITDA%: 14,30%
FY 2019 (F) - Sales: 2.349M EUR/ EBITDA%: 14,3%
FY 2020 (F) - Sales: 2.396M EUR/ EBITDA%: 17,40%
FY 2021 (F) - Sales: 2.444M EUR/ EBITDA%: 20,40%
FY 2022 (F) - Sales: 2.492M EUR/ EBITDA%: 23,30%
Reason for sellThe current entrepreneur wants to invest more time in other activities.
The selling party wants to sell the full company (100%).
Transaction formThe selling entrepreneur prefers a shares transaction, in which the buying party becomes shareholder of the current company.
Suitable forThe company is interesting for strategic buyers/investors. The company is interesting as well for MBI candidates with knowledge of the sector.