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Asking Price$900,459
Revenue$3,082,579 Established1984
Cash Flow$547,563 Employees6 full, 3 part
FF&EUndisclosed* FranchiseNo
Inventory$709,804 RelocatableNo
Real Estate$80,000 Home-basedNo
* Included in Asking Price
Great opportunity to take over an established, profitable flooring business with a great reputation on North Vancouver Island under very favourable terms.
With almost 40 years in operation, this business reported sales at Year End May 2021 of $3.8M, with seller discretionary earnings (SDE) of over $670K and EBITDA of $575K. The company is well positioned for growth; the current owner has streamlined processes, increased efficiency, and recently opened a new location, expanding their geographic presence over the North Island.
This business can continue as an owner operated enterprise or easily remain profitable without owner involvement in daily operations. Clientele is diverse and includes contractors and end consumers with opportunity to expand into commercial and large developments.
Head office location is available for sale as a separate transaction. Two year term remaining on the lease with option to renew.
If you are interested in an opportunity to generate a significant, sustainable income though business ownership this business could be right for you.
Facilities:Head office available for purchase at 1.5 million. Currently leased for $80,000/year.
Ad #129229
Seller Reference #13019199-RR
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Contact This Seller
Ramon Ramirez
250-886-1041
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