Very profitable flooring business for sale

Undisclosed Address, British Columbia
Business Opportunity for Sale
Catylist Listing ID: 30345013
Property Subtypes: Building and Construction Services
Building Size (RSF): 2,176 SF
Sale Price: $579,000
Year Business Established: 2015
Gross Revenue: $1,974,984 (Annual)
Cash Flow: $259,727 (Annual)
Relocatable Business: Yes
Sale Terms: company's shares sale
Last Updated: 1/17/2019

Overview / Comments

Fantastic opportunity to be the owner of a successful and profitable flooring company ( share sales ) in South Burnaby ( SW Marine Dr. area ). 2,176 sft showroom/office/warehouse is leased for $3,002/month ( gross rent, all taxes in ). The company has dealer agreements with all major flooring suppliers, an aggressive marketing strategy generates 250 - 350 qualified leads per month year after year. The team of the managers runs the sales and projects management, owners just manage the company. The company provides full supply & installation service - team of installers-subcontractors works with the company for many years. Stable annual sales revenue is close to $2 million, gross cash flow to the owners before tax just under $300,000/year. If the new owners will participate in sales, a revenue will increase to another $500,000 easy. Sellers will provide operational knowledge during a smooth transition period of 30 days. The sellers ready to finance 25% of the purchasing price for 12 months period - you'll need just 75% of cash to purchase the company. Business is qualified for BC PNP immigration program. The company priced well for quick sale, don't miss an opportunity to have a very decent income from day one. For further information and/or a showing appointment call the listing agent. NDA required.

Additional Details

Industry Segment: Construction Sub-Contractors
Reason for Selling: New projects out of BC
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 2,176 sq.ft - showroom, office, warehouse with grade loading door, the gross monthly lease payment is $3,002
Employee/Labor Description: The team of sales & project managers are full-time employees ( base salary and commission ). Flooring installers are sub-contractors.
Mgmt/Training Support Description: The sellers are willing to provide a smooth transition period for new owners for 30 days for free.
Competition/Market Description: The company is very well known in Lower Mainland for its brand name in the flooring and renovation industry. Just one website and its meticulously built online marketing campaign have a huge value of this business model.
Growth/Expansion Opportunities: The sellers are not involved in the direct sales, they manage the company and operations. If the new owners will participate in sales the annual sale revenue will increase momentarily to another $500,000 -$1,000,000/year and the profit will up to another $100,000. Or invest more in marketing and hire additional sales representatives. Currently, 250 - 350 qualified sales leads come every month, high follow up and conversion ratio into the sales. Also, it'd be a great addition to existing flooring business - if the buyer is in the flooring industry, it'll be a huge step forward for professional to develop the business.
Seller Financing Description: The sellers consider financing of 20% of the sales price for qualified buyers The company priced very well for quick sale.

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Contact

Photograph of Listing Agent

Pavel Prilepin

EstateBlock Realty Inc. Commercial First Member
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