Step In and Grow - Profitable Flooring Retailer

Listing ID:
TOR02ON001-N241

Confidential, Ontario, Canada

Floor Covering Stores

Listing Status: Active

Sunbelt of Toronto North/East

Phone: 647-875-2150
Fax: 647-875-2152

The following broker is assigned to this listing:

Robert J Jones

robertjones@sunbeltcanada.com
Cell: 416-624-8871

Description

This company provides a wide variety of floor covering, in current styles, at affordable prices. A one-stop-shop for all home flooring needs providing expert advice for DIY customers who want to install it themselves or providing professional installation for the DFM (Do-It-For-Me) customers. Every aspect of the business has been thoughtfully planned from the moment a customer walks into the updated (2016) showroom. This business is set up perfectly for the new owner to step in and take over and grow! Contact us today for detailed information.

Financials

Asking Price:$449,000
Revenue:$1,076,453
Cash Flow:$191,838
Downpayment: NEGOTIABLE
Monthly Payroll:$0
FF&E Asking Price:$63,700 (Included in Asking Price)
Inventory Asking Price:$15,000 (Included in Asking Price)
Financing Available?Yes

Property

Asking Price:$1,299,000
Building Size:2600 sq ft

Other

Franchise?No
Homebased?No
Relocatable?Yes
Year Established:2005
Year Acquired:
Full-Time Employees:2
Part-Time Employees:2
Reason For Sale:The owner moved from to the Simcoe area over 20 years ago seeking and education and work. He now wants to return to his roots in Northern Ontario to be closer to his family and friends.