Price: $2,700,000
Location: Rural Northwestern Ontario
Industry: Furniture Retail
The Company has been providing a rural, Northwestern Ontario area with a wide range of furniture, appliances and electronics products for ~75 years. The Company operates from a ~12,500 sq. ft. facility supported by an additional warehouse facility located ~1 block away, providing ~5,000 sq. ft. of storage, collectively totaling ~17,500 sq. ft. of space. The Company belongs to an industry-leading franchise which provides buying power and brand recognition, among other advantages. The Company owns the real estate in each respective location, included in the sale, which offer ample room for future growth. The Company has established a loyal customer base and has a team of well-trained management and employees that are trusted, knowledgeable and are considered an asset by the Sellers. The Sellers are looking to retire and will ensure support, training, and knowledge transfer for an agreed upon transition period.
Down Payment: $500,000
Total Sales: $3,900,000
EBITDA: $300,000
FFE Included: Yes
Inventory Included: Yes
Year Established: 1950
Owner Hours Per Week: 25
Employees: 13
Managers: 3
Real Estate: $1,400,000
Real Estate Included: Yes
Monthly Rent:
Square Footage: 17500
Franchise: Yes
Reason For Sale: Retirement
