This fast-growing retail establishment in Southwestern Ontario has been providing customers with name-brand furniture and household goods for over 22 years. They are known for offering a variety of consumer products at affordable prices. This business has a knowledgeable and friendly sales team to ensure that customers make an informed purchase and leave the store with the right product. Customers looking for big-ticket items such as indoor and outdoor furniture travel over an hour to this store, passing several big box stores along the way.
The store’s busiest departments include furniture, mattresses, outdoor furniture, and appliances. The average profit margin across the store is approximately 46%.
During COVID the store had to be closed and limited to curbside pick up, during this period the company was able to do about 40% of its regular sales volume
Recently expanded and renovated facility which substantially increased the size of the showroom leaving room for ample growth.
Our client is aiming to sell 100% of the business (asset sale) to the purchaser, additionally, they are also open to selling the land and building (asset sale) to the buyer.
- Asking Price:
- $1M - $5M (CAD)
- Sales Revenue:
- $1M - $5M (CAD)
- Cash Flow:
- $500K - $2.5M (CAD)
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
30,000 sq ft + 13,000 sq ft rented storage
Business Operation
- Employees:
- 14
- Years established:
- 1999
