Established Flooring Retailer With Strong Margins For Sale

Description

Business type: flooring retail and installation business

Location: Vancouver Island, British Columbia

Trading history: more than 20 years

Current status: established operating business

Products

• Hardwood flooring
• Carpet
• Vinyl plank
• Tile
• Laminate flooring

Services

In-house design services: available

Installation services: supported by subcontractors

Customers

• Retail customers
• Builders
• Insurance clients

Revenue streams: diversified

Financial information

Annual revenue range: $2,400,000 to $2,700,000

Seller discretionary earnings: approximately $250,000

Profitability: reported as profitable

Premises

Retail showroom size: 6,880 sq. ft.

Showroom premises: leased

Warehouse access: available

Customer parking: available

Additional storage unit: owned

Store visibility: high

Buying group

National buying group affiliation: in place

Supplier pricing advantages: available

Exclusive supplier terms: available

Centralized billing: available

National marketing programs: available

Staff and operations

Skilled staff: in place

Long-tenured subcontractors: in place

Operating setup: turnkey

Owner involvement: supported by existing team

Silent partner: remains active as installation subcontractor

Inventory

Inventory: excluded from the asking price

Inventory purchase: required separately at closing

Inventory pricing basis: landed cost

Transition

Seller transition support: available

Post-sale owner involvement: available

Potential buyers

• Hands-on owner-operators
• Regional flooring companies
• Strategic buyers
• Retail flooring operators