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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.
The owner of the building will entertain the purchase of the store for $1,500,000. Alternatively, two years remain on the lease, with option to renew. Current rent is $80,000 (basic)
$80,000 (CAD) per annum
Northern Vancouver Island
10,000 square foot head office/showroom
Company has already expanded operations north, opportunity exists to expand south.
Four competitors, all with much more limited stock than this business.
Monday - Friday 8 am - 6 pm
Saturday 9 am - 5 pm
Sunday by appointment
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