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Wallbed Manufacturing Company - 40+ Years In Business For Sale

Vancouver, British Columbia
Freehold Price:
$3,000,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Lease Asking Price:
$1,500,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,600,000 (CAD)
Cash Flow:
$1,600,000 (CAD)

The business specializes in the
manufacturing and sales of wallbeds, and space saving furniture. We
currently operate out of two locations, rented space
outside of Vancouver, BC Canada where the head office
is located, all manufacturing is done, and includes a
sales showroom. The second location is in downtown
Vancouver, with a showroom owned by the company.
Versatile is the best way to describe our company.
Weather upright or side folding our wall beds make
any room more than just a place to sleep; In home
office, study, TV room, selling room, rec room, studio
apartment, or even living room wall unit.

More details available upon request, contact seller below for more information.

Property information

Real Estate:

Available as lease or with real property included

Lease Terms:

Currently pay 9500 month for factory showroom location and 5000 month for downtown.
Factory showroom is up for renewal DEC 2017 and downtown is owned property and month to month.

Leasehold Rent:

14,500 month per annum

Location:

2 Locations; Vancouver Yaletown and Richmond

Premises Details:

Factory and showroom in Richmond, with a showroom in Yaletown

Size in square feet:
900 square feet downtown and 8000 in richmond
Planning Consent:

Lease up for renewal in Richmond location December 2017

Business Operation

Expansion Potential:

Both a franchise model has potential as well as natural expansion growth through residential and commercial Hi Rise developers across Canada and throughout North America. The company currently has a strong client base in Vancouver in this area that can be leveraged for this approach. There is an opportunity for hotels as well.

Competition / Market:

California Closets, Murphy Bed Company, Arbutus Furniture

Reasons for selling:

Retirement

Trading hours:

9-5 Monday - Saturday Showroom
7:30-3:30 Monday - Friday Factory

Employees:
16
Years established:
40

Other Information

Support & training:

Am willing to stay on for up to 2 years or longer if required. Am willing to train.

Furniture / Fixtures value:
$100,000 (CAD) - included in the asking price
Inventory / Stock value:
$120,000 (CAD) - included in the asking price
Website:
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Lease asking price:
$1,500,000 (CAD) - Furniture / Fixtures and Inventory / Stock included
Relocatable:
This business can be relocated.

Contact Seller

Contact Information

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