Flooring and Home Improvement Centre
A home improvement centre is available for sale in the GTA at a price of $1.8 million, which includes inventory and required working capital. Sales revenue has been growing year over year since the company’s inception. In October 2016, net sales and seller’s discretionary earnings were projected to be $3.8 million and $790,000, respectively, for fiscal year ending September 2017. The business has a retail showroom, a warehouse, and a team of expert installation specialists that provide a complete range of design, build, and installation services for new homes and condominiums and all types of kitchen, bathroom and flooring renovations.
The company has long-lasting relationships with its key suppliers and has developed an excellent reputation for quality and reliability among its growing client list of builders, contractors and homeowners. An extensive selection of unique and competitively priced flooring and wall products and an in-house design and construction staff have been the company’s key to success.
The owner, who is transitioning into a new business area, is looking for a hands-on, non-financial buyer with the ability and desire to manage both the retail and construction sides of the business. The owner would be willing to remain involved in a management consulting role, as required, to help maintain a continued upward sales trajectory.