Price: $990,000

Location: Greater Toronto Area

Province: Ontario

Industry: Floor Covering Store

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.

LISTING DETAILS

Down Payment: $700,000

Total Sales: $2,788,000

Cash Flow: $450,000

EBITDA: $350,000

FFE: $15,000

FFE Included: Yes

Inventory: $100,000

Inventory Included: Yes

Operation

Year Established: 1998

Year of last Acquisition: 2005

Employees: 1

Location

Real Estate: $0

Summary

Reason For Sale:

Retirement

Training & Support:

Available

Financing/Terms:

Seller Note security must be first in line

LISTING BROKER

Jack Elias

Jack Elias
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