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ID: MV1878

Established Custom Kitchen And Renovation Company, Niagara Falls, ON

Canada

This near turn-key company has everything you need to hit the ground running - delivering custom kitchens, bathrooms, renovations and more to clients across the Niagara Region for 25 years.

ID: MV1878

Register Interest
Revenue:
$1.29m
Profitability:
25.4%

Location

Niagara Falls, ON

Business Description

Highlights:
  • Strong year over year sales (over $1.3 million in 2021)
  • Extremely strong local brand reach/awareness
  • Established brand (logo) and applicable company gear
  • Very healthy WOM (referrals/returning customers) with over 78 leads generated in 2022 through referrals alone
  • Well developed website and marketing funnel that consistently attracts high quality leads (over 127 leads generated via this method in 2022)
  • 5-10 new leads per week on average
  • Effective sales funnel with an automated booking system that automatically qualifies leads and determines if they are a good fit
  • Clearly defined sales funnel and well-established manufacturing pipeline
  • Fully developed content management system (CMS) that automatically organizes and stores each client's vital information while also providing insightful marketing metrics that accurately gauge a campaign's effectiveness
  • Fully-developed print materials to assist in marketing and sales (magazines, sell sheets, etc.)
  • Experienced team of designers and carpenters with all the skills needed to produce the finished product (manufacturing, finishing, installing)
  • All equipment and existing supplies are included in the sale - worth well over $125,000 (multiple table saws, new edge bander, mitre saws, etc.)
  • Well-laid out facility in fantastic location in downtown Niagara Falls with the showroom and office directly attached to the manufacturing area (located in the rear) with parking at the back of the facility
  • Fleet of vehicles included (branded cube and cargo vans included with purchase)
  • Strong relationships with vast network of subcontractors that are employed on a regular basis (countertop installers, plumbers, electricians, etc.) and would be available to any potential buyer

Financial Summary

2022 Financial Figures:
Sales Revenue - $1,296,693
Adjusted Net Income - $329,047

List Price $1.2m*
*List price includes $75k of assets / equipment
*Please Note - No VTB/Seller Financing options will be provided by the Seller*

Investment Rationale

Niagara has been in a housing building and renovation boom for the past several years, so there has been a ton of work, but a lot of new competition has emerged as a result. Hasn't really hurt us that much though, as clients tend to prefer going with an established kitchen designer and manufacturer.

Lots of new people moving to the Region who are building and renovating, so tons of potential revenue awaits.

Customer Overview

Business Hours: Monday to Friday, 8:00am to 4:30pm.

Transaction Information

As a family run business, we are willing to stay on for a certain amount of time to provide training and support to the buyer to ensure that they have a good understanding of the process.

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.