Located in a major New Brunswick city, our client is the top producing franchise location for the leader in Canadian consumer wine making. The well known franchisor has over 85 locations across Canada and provides excellent support. The business has averaged over 20% growth in each year since its inception in 2003 and annual revenues in the last fiscal year exceeded $530,000. The business has over 3,000 customers with about 75% being regular, repeat customers and the number continues to grow, spurred on, in part, by the current economic conditions.

The business operates from leased premises with a lease that expires in 2013 and has 3 full-time and 2 part-time employees who will remain after the sale. The assets, including equipment, furniture, fixtures, inventory, accounts receivable and goodwill are valued at $435,800. The business has no debt. The transaction will be structured as a sale of shares with the price adjusted to reflect the balance sheet at the time of closing. The owner will consider financing a portion of the purchase price and will assist the new owner during the transition period.