Business Overview
*Long-Standing Market Presence: A reputable Paint Dealership store, serving the Greater Toronto Area since 1970.
*Prime Location: Situated on a busy thoroughfare, surrounded by major retail outlets, enhancing visibility and accessibility.
*Diverse Range of Quality Products: A wide array of painting and decorating supplies from premium brands, meeting a variety of customer needs.
Financial Highlights
*Consistent Revenue Growth: Steady increase in revenue with projections of $2.2M by 2024.
*Healthy Profit Margins: Strong gross margins, with SDE of $525K achieved in 2023 and anticipated growth in the coming years.
*Stable Recurring Revenue Base: Approximately 70% of the annual sales are recurring, indicating a loyal and consistent customer base.
Human Resources & Assets
*Dedicated Team: A small, efficient team of 5 comprising both full-time and part-time staff, well-versed in the industry.
*Autonomous Operation: Operational model that requires minimal oversight from the owner, indicative of a well-established business system.
Client Portfolio
*Wide Customer Reach: Serving a diverse client base of over 1,500, including contractors, corporates, and individual customers.
*Unique Dealership Advantage: Operating under a lucrative dealership model with a renowned brand, without the burden of franchise fees.
Unique Selling Points (USPs)
*Over Half a Century in Business: Established over 53 years ago, this business has built a strong brand and loyal customer base.
*Geographical coverage and long lease: The business has thrived with minimal marketing because of control over its geography and growing business accounts, suggesting significant untapped potential for growth through targeted marketing efforts.
Assets and Seller’s Reason to Sell
*Robust Asset Base: The business boasts assets, including inventory, equipment and furniture, with an estimated liquidation value of $425,000.
*Seller’s Strategic Shift: The current owner is looking to move to out of the region, presenting a unique opportunity for new ownership.
