Kitchen and Bath Remodeling Business for Sale in Southwest Ontario, including Real Estate

Listing ID:
TORONCT001-N15

Confidential, Ontario, Canada

Construction

Listing Status: Active

Sunbelt of Toronto Center

Phone: 416-360-0404
Fax: 1-866-643-3154

The following broker is assigned to this listing:

Jack Elias

jack.elias@sunbeltcanada.com

Description

This business is primarily involved with the design and installation of cabinetry for residential and commercial applications. It also does kitchen installations for new home contractors. Future revenue and profitability are assured given the strong backlog of work orders and growing demand in the marketplace. The Real Estate includes both the building (which houses the showroom, warehouse, and offices) and ample parking. It is located near the centre of this thriving Southwest Ontario town. The current owners have built a great reputation in the region since 1994, and established long lasting relationships with customers, homebuilders, suppliers, and contractors. This business has room for expansion and is positioned for future growth; however, the current husband and wife owners are looking to retire. A new motived owner has many growth opportunities in this already successful business.

Do you like completing beautiful projects that your clients love? Then this may be the opportunity for you!

Other highlights of this business and building sale include:

• Suitable either for a new owner/operator, or a couple, or as an add-on acquisition to an existing business.

• Many loyal repeat clients and experienced staff who are willing to stay with the business.

• Winner of many industry awards – recognized as the top-rated home pros and most popular designs.

• Building is in excellent condition and appraised by an independent third-party.

• An exclusive distributorship agreement with a premier cabinet manufacturer.

• Industry reports suggests continued demand given the region’s housing shortage and strong economy.

• Changing behaviours such as remote working and aging-in-place continue to drive demand.

• Showroom, contents, and inventory are included.

• Financing options are available.

• Located in a pleasant and relatively affluent town.

For more information about this exciting business and building opportunity, and for an evaluation of what business ownership can mean for your future financial well being, please contact the Broker.

Financials

Asking Price:$1,325,000
Revenue:$1,678,037
Cash Flow:$259,343
Downpayment: NEGOTIABLE
Monthly Payroll:$0
FF&E Asking Price:$13,577 (Included in Asking Price)
Inventory Asking Price:$120,953 (Included in Asking Price)
Financing Available?Yes

Property

Asking Price:$800,000 (Included in Asking Price)
Building Size:3984 sq ft

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:1994
Year Acquired:1994
Full-Time Employees:4
Part-Time Employees:2
Reason For Sale: