||Employees||3 full, 1 part
* Included in Asking Price
This business has benefitted greatly from the booming condo market in Toronto. With the size of condo units getting smaller, living comfortably in under 750 sq ft of living space requires multi-use convertible furnishings that are well designed and sized right for smaller spaces.
This business shows steady year over year sales and profit growth. Sales for the first seven months of 2016 are up over 29%, and the business has the potential to grow much larger. The product line is well-known to interior designers & condo developers in Toronto and is well respected and highly regarded globally. Their products have been regularly featured in Toronto media articles and TV shows.
The business is fully staffed and can be run as an investment, or the buyer can work in the business for an amount of hours every week and save on some of the hourly wages and commission costs paid to sales people. Currently the Seller does not work in the business on a day to day basis, but does handle the administration and checks in with the Manager daily.
The Buyer of this business is protected with an exclusive Ontario territory license. There are licensees in major US and European territories, as well as Canada.
Average sales have been $115,000 per month and are moving to $135,000 per month in 2017. The business is on track YE2016 to earn $172,000 before taxes.
Included in the sale: $150,000 of saleable Inventory at cost, as well as $124,000 of Leasehold Improvements, computers, etc, all recent.
The Seller has other businesses, but is committed to doing a solid training and transition with the Buyer. For more information contact Ron Sloan, MBA; Business Broker of Record, 905-602-5003; email@example.com.
|Sale Reason:||Seller has other interests.|
Seller Reference #TORONON002-N481
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