Retailer of Fireplaces and Hearths in Fraser Valley

Undisclosed Address, British Columbia
Business Opportunity for Sale
Catylist Listing ID: 30170567
Property Subtypes: Home and Garden
Building Size (RSF): See Agent
Sale Price: $2,000,000
Year Business Established: 1940
Gross Revenue: $3,175,000 (Annual)
Cash Flow: $286,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Share sale
Last Updated: 7/16/2018

Overview / Comments

Great opportunity to take over a well established retail business specializing in fireplaces and hearths. Out of their 5,000 sqft showroom that has been on the same location for nearly 40 years, the business has successfully grown to became one of the largest fireplace and hearth dealers in the Fraser Valley and Lower Mainland. The business carries premier products of all the major brands including Regency, Valor, Enviro, Town & Country, Pacific Energy.

Additional Details

Industry Segment: Other Home and Garden
Reason for Selling: Retirement
Value of Inventory Included ($): $1,300,000
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Purchaser will be offered new long term lease or property may be purchased.
Employee/Labor Description: 10 FT employees plus owner
Mgmt/Training Support Description: Suitable transition will be provided


Contact

Photograph of Listing Agent

Delon Cheung

Personal Real Estate Corporation
NAI Commercial Commercial First Member
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