Well-established retailer and installer of premium fireplaces and outdoor living and leisure products, catering to the affluent Muskoka cottage region.
Current owners are looking to retire but will remain in place (term TBD) for transition purposes.
The commercial real estate can be included in the transaction: 5,200 s.f. on 1.25 acres, zoned C3-8 Highway Commercial.
Annual revenue of $1.75 million and EBITDA of $450K. If the owners were younger, they would have a very detailed strategy to grow the business by expanding their repair & maintenance services, which would increase revenue to $3.0 million p.a., and then further by adding complimentary products, which would increase revenue further to $5.0 million p.a.
