Summary

Status: Active
Region: Vancouver Island
Category: Construction, Kitchen_Bath_installation
Description:

Choose this well-established, well-developed turnkey operation in the lucrative home renovation industry if you want to live in paradise while benefitting from a building boom. This business was developed by a hard-working immigrant couple, who built on their traditional European style stone and wood working skills to create a thriving enterprise.

Annual sales exceeded a half million dollars in 2017. Gross profit was $182,000.

Included in the business is a retail showroom in a high traffic location leased for $1,530 a month plus a fully-equipped production and shop space for custom cabinetry and stonework, leased for $2,300 a month. The reputation developed by this business after more than seven years in operation keeps everyone busy: orders are now being taken for installations three to four months in advance.

The company is able to give clients convenient, customized service by offering all the components for a customized kitchen, bath, or other specialty installation. This ‘one-stop’ solution is attractive for many clients, from homeowners doing renovations to builders who need multiple project installations to commercial buildings.

The company serves an affluent market. The largest demographic group is recent retirees, who have money in the bank and who are moving to this beautiful area to retire. Despite the large number of retirees, average income is still close to $70,000.

The region has approximately 48,000 residents but this company has also done work in a nearby city, which has an additional 100,000 residents. Therefore, the target market is approximately 150,000 people.

Growth throughout Vancouver Island is skyrocketing, since the area offers much more affordable housing costs than nearby Vancouver plus many amenities, safe and often beautiful neighbourhoods, cohesive communities, good health care and schools, and the best climate in Canada.

This region is one of the fastest growing communities on the island, since it has an established reputation at a perfect place to retire. There is waterfront, many parks, a pool and ice arena, and ample shopping.

With the huge increase in Vancouver property values, retiring homeowners in Vancouver are ‘cashing in’ on their investment and bringing their money and visions of a dream home to the island. The result is a building and renovation boom. Therefore demand for this company’s expertise is expected to continue.

This share sale includes transition training, including traditional European stonework, access to affordable leases for production space and a prime location for the retail storefront, all inventory and high-end, commercial production equipment. The company currently employs one person full-time, two sub-contractors, and the two owners.

For more information on this opportunity, contact Michael Naprawa.

Broker: Michael Naprawa
Listing ID: BCBBVI1019 – 206
City/Town: Vancouver Island, west coast of Canada

Financials

Asking Price: $465,000
Revenue: $610,000
Net Cash Flow: $180,000 (SDE)
Gross Cash Flow: $655,000
FF&E Asking Price: $43,000
Working Capital: $100,000 (Included)
Inventory Asking Price: $10,000 (Included)

Property

Real Estate Available: No

Operations

Franchise: No
Homebased: No
Relocatable: No
Year Acquired: 2011
Full-Time Employees: 1
Part-Time Employees: 2 sub-contracted
Trading Hours: Showroom 10 - 2 Tuesday to Saturday; Shop 8:30 to 4:30 Monday to Friday
Reason for Sale: Ready to retire