Highly Profitable Flooring Retail Business for Sale in the GTA

Business Description

This highly profitable, well established flooring retailer has an excellent reputation in the marketplace. It is based in the Greater Toronto Area. Products include engineered hardwood, solid hardwood, laminate, and vinyl flooring. The website and digital marketing activities are unmatched in the industry. The business owner maintains good relationships with a wide range of suppliers, ensuring low material costs. This is combined with close control of overhead costs, providing the owner with excellent profitability. Support systems are efficient and integrated, such that the owner is able to manage the business by himself. Other attributes of this business include:
• 2 year average revenue of $2.75 million.
• 2 year average Seller’s Discretionary Earnings (SDE) of $450k.
• $100k of Working Capital included in the sale price.
• Showroom presents very well; some walk-in traffic, but most orders are managed by phone or email.
• A large community of satisfied customers from past deals brings new customers through word-of-mouth marketing.
• Opportunities for growth are available to the new owner.
• Excellent cash management.
• Several industry awards.

Details

Business ID: TORC0018
Business Category: Furniture and Home Furnishings Stores
Location: Ontario, Greater Toronto Area, Greater Toronto Area
Financing: Available
Status: New

Company Information

Year Established: 1998
Franchise: No
Number of Employees: 1

Financial Information

Asking Price: $ 990,000
Gross Revenue: $ 2,788,000
SDE: $ 450,000
FF&E (included): $ 15,000
Inventory: $ 100,000
EBITDA: $ 350,000
Down payment: On request
Occupancy Cost: On request

Business Presented By
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