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Long Standing Flooring Store Comox Valley For Sale

Comox Valley, British Columbia, Canada
Asking Price:
$1,305,000 (CAD) Inventory / Stock included
Sales Revenue:
$3,550,933 (CAD)
Cash Flow:
$619,415 (CAD)

Long-Standing Flooring Store – Comox Valley

Chinook Business Advisory is excited to share an outstanding opportunity to purchase a reputable flooring company that has been successfully operating and increasing sales since 1996.

After being in operation for over 26 years and offering the largest selection of high-quality flooring options, this business has built an incredible foundation, reputation, and is completely turn-key for a new owner to step in and capitalize on its growing success.

The one-of-a-kind 14,000 sq. ft. flooring warehouse & office is situated on a bustling city block, and has excellent access and egress being close to major roadways.

The owners of this well-established business are looking to retire, and this incredible opportunity is both suited for an owner/operator, or an owner with minimal participation.

Sales are continuing to grow year-over year with 2021 earnings reaching nearly 620k, and with this this unique deal, the owner is willing to stay on for a longer term to transfer information as a sales associate.

NOTE: Minimum unencumbered cash required $350,000

Property Information

Real Estate:

Lease

Lease Terms:

$12,000/month on a 5-year lease with the option to extend for another 5 years in 2023.

Location:

Comox Valley

Premises Details:

This shop is 14,000 sq ft + mezzanine with their own showers and bathroom on the second floor. With the magnitude of space they have, the shop is able to hold plenty of inventory.

Size in square feet:
14,000

Business Operation

Reasons for selling:

Retirement

Employees:
5
Years established:
26

Other Information

Support & training:

Owner is willing to stay on as a salesperson on commission after close.

Financing available:

Available to qualified buyers. Minimum down payment required $350,000

Furniture / Fixtures value:
$42,800 (CAD)
Inventory / Stock value:
$587,670 (CAD) - included in the asking price
Website:
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