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Multi - Location Bedroom Furniture Retail Business
Location Ontario,Canada
Asking Price Range $250K - $500K
Gross Revenues $2890000
Net Profit / Cash Flow $143000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1989
Number of Employees 10 - 19
Inventory 250000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Training will be provided by the seller as required
Reason for Sale Retirement
Description This established furniture business has been a fixture in the different communities it serves for decades. The first store was established 23 years ago and since then operations have expanded to three retail and one warehousing location in the Greater Toronto Area. Year over year Revenue numbers have consistently been in the $3M range with minimal deviation. Each location carries a selection of high-quality furniture brands and provides a one-stop solution for every client's bedroom furniture needs. The store carries established Canadian furniture brands and has in-house freight, delivery system and personnel.
Numbers above are indicative of a business model that has each store run and operated by a general manager - on a stand-alone basis each store, if run by an owner operator, could generate approximately the same cash flow to a buyer. For a buyer already in the industry that has existing warehousing facility and distribution, the proposition is largely enhanced as profits would double by cutting some of the overhead currently carried by the business. Possibility exists for a synergistic buyer to add over $100,000 of bottom line profit with minimal adjustments to the business model.
Owner is very motivated to sell and as such the business is priced extremely attractively - please note that the asking price includes approximately $250,000 of inventory and seller is open to an asset type of transaction.
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