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Profitable Glass And Closet Shop Central Vancouver Island For Sale

Vancouver Island, British Columbia
Freehold Price:
$1M - $5M (CAD) Furniture / Fixtures and Inventory / Stock included
Lease Asking Price:
$500,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,150,000 (CAD)
Cash Flow:
$170,000 (CAD)

Outstanding opportunity to purchase an established, profitable glass and closet manufacturing and installation company based on Vancouver Island. The business was founded in 1985 and has been under the same ownership since then. The company has an outstanding reputation and has experienced steady growth over many years. 

With sales over 1.1 million last year and average discretionary earnings of close to $170,000, the business is primed to grow even further under active ownership. Current projections indicate revenues of 1.3 million and discretionary earnings of over $200,000 for fiscal year 2018. The company employs seven people and is open Monday to Friday from 8:00 a.m. to 5:00 p.m.

The business operates out of two buildings that were customized to the needs of this business. The land and buildings are owned by the business owner and he is amenable to a long term lease or outright sale of the properties. 

Property information

Real Estate:

Available as lease or with real property included

Premises Details:

~6000 square feet of retail, manufacturing and mezzanine space
The business is housed in a 2900 square foot warehouse with an
extra 1200 square feet of mezzanine space. A second, 1800 square feet space is used for manufacturing purposes.

The business owner owns both facilities and he is open to long term lease or sale of one or both.

Business Operation

Expansion Potential:

Excellent opportunities for expansion

Reasons for selling:

Retirement.

Trading hours:

Monday to Friday 8-5

Employees:
The company employ seven trained, qualified individuals who work in manufacturing, installation and administration
Years established:
30

Other Information

Support & training:

Owner is willing to stay as long as the Purchaser needs.

Financing available:

A qualified buyer will have no problem securing bank financing.

Furniture / Fixtures value:
$350,000 (CAD) - included in the asking price
Inventory / Stock value:
$40,000 (CAD) - included in the asking price
Lease asking price:
$500,000 (CAD) - Furniture / Fixtures and Inventory / Stock included

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