This business was established in 2017 to seize a promising opportunity by venturing into the world of furniture and accessories rental. It was not merely about renting furniture but offering an all-encompassing solution. In addition to furniture, an array of accessories was thoughtfully curated to complement and elevate the aesthetics of various spaces.
- Asking Price:
- $219,999 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $272,896 (CAD)
- Cash Flow:
- $61,677 (CAD)
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$4,950 (CAD) per annum
- Location:
-
This leased space, spanning approximately 3,747 sq ft, is thoughtfully designed with three distinct sections. The entrance boasts an open and well-lit layout, creating an inviting showroom atmosphere. The middle section features custom-designed, fixed shelving for organized storage, allowing customers to explore furniture and accessories seamlessly. The additional section serves for storage and loading purposes. Accessibility is convenient, with ample customer parking shared among the building units, and there's designated overnight parking for one vehicle in the common areas.
- Premises Details:
-
Approximately 3,747 sq ft with a prime location with easy access to major highways, serving Richmond Hill, Markham, Aurora, Newmarket, Scarborough, North York, Pickering, Vaughan, Mississauga, and Toronto.
- Size in square feet:
- 3,747
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
The business has excellent growth potential, with an already established online booking system and strong online presence. It can further expand its reach and offerings, monitor customer satisfaction, and leverage its positive reputation for growth.
- Competition / Market:
-
The Greater Toronto Area (GTA) has a competitive furniture rental and staging market. The business focuses on flexibility and customization to stand out.
- Reasons for selling:
-
The business partners have shifts in life focuses
- Trading hours:
-
Monday: 9:30 a.m.–4:30 p.m. Tuesday: 9:30 a.m.–4:30 p.m. Wednesday: 9:30 a.m.–4:30 p.m. Thursday: 9:30 a.m.–4:30 p.m. Friday: 9:30 a.m.–3 p.m. Saturday: Closed Sunday: Closed
- Employees:
- Two part-time truck drivers for furniture deliveries. One of the owners works there to manage the business and is paid on an hourly basis, with a total annual payment around $45K.
- Years established:
- 2017
Other Information
- Support & training:
-
Available
- Relocatable:
- This business can be relocated
