COMPANY A: 32 Store Retail Chain
Overview: Ladies Wear Retailer with 32 stores has given Elkin Consulting Group an exclusive mandate to find an investor for a minority or majority interest or an acquirer to purchase the company.
Headquarters: Montreal, Canada
Company Objective:
- To divest of all or part of the shares in the company
- To source a partner now for eventual takeover
The Company:
- Ladies clothing retailer with 27 Quebec stores, 4 Ontario stores.
- 32 years in business with a recognized brand, trademarked.
- $25m sales approx. with e commerce representing a very small part of the total.
- Profitable sales through efficient management structure.
- Company has survived many market challenges while others have failed
- Hands on executives producing excellent results despite difficult market conditions
- Sales increase of 12% for 2018
- No debt
- Financial statements and forecast available for interested parties, after first meeting and after signing NDA. No detailed information will be given without a face to face meeting.
Marketing and Merchandising:
- Clothing sourced in USA, Italy and China to private label spec.
- Two co. executives travel to NY, Italy and China several times per year.
- Market is mainly “missy” with some fashion items in winter months
- Database of 80,000 names for e mail marketing
- Design and pattern making is produced by suppliers.
- No Canadian manufacturing.
Human Resources:
- Staff: administration and executives total 21 people, most of whom are longstanding.
- Store managers report to store supervisors who report to executives
- Store managers, supervisors qualify for bonuses based on revenue and expense to budget
- Store sales people at minimum wage plus bonuses
