Summary

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

The trend of hardwood flooring is surging as homeowners update their carpets or old floors for a new look. That trend is very prevalent on Vancouver Island where this successful flooring company is located.
Take advantage of this exciting investment opportunity with a company that has grown by 21% - 67% each year over the past 3 years, with lots of opportunity for more growth.
The company is only restricted by the limitations of the 70+ year old owner. There is a brand-new Transit van waiting to be fitted with equipment and another crew to take on the additional work available. Hardwood flooring continues to grow in popularity and it is by far the preferred flooring type for homes.

A new owner will have the ability to greatly increase the business by getting more qualified sanding crews to keep pace with previously installed hardwood floors that need redoing. This is in addition to new hardwood flooring that is being sold and installed.
The business is located in a vibrant city with a mostly affluent population that enjoys the local amenities, a beautiful natural environment and mild climate. Homeowners in this sought-after city with soaring house prices take pride in looking after their homes, so having quality hardwood floors is an important part of that ownership.
The company uses state of the art technology to restore existing hardwood floors to their original state with a renewed beauty and no dust. This is particularly important as the company specializes in a technology that utilizes dustless sanding. Having floors sanded with no dust is an important consideration for buyers in a bustling market.

All of these factors point to a business that as a bright future with no downsides. All it needs is someone that is younger with personal drive to let this busies grow to its natural capacity.

Broker: Michael Naprawa
Listing ID: VANISBC001-N170

Financials

Asking Price: $250,000
Revenue: $740,000
Net Cash Flow: $185,000 (SDE)
Monthly Payroll: $15,000
FF&E Asking Price: $60,000
Working Capital: $90,000 (Included)
Inventory Asking Price: $20,000 (Included)

Property

Real Estate Available: No
Building Size: 500
Rent: $6,000
Seats: NA
Parking: Yes

Operations

Franchise: No
Homebased: No
Relocatable: Yes
Year Acquired: 2012
Full-Time Employees: 4
Part-Time Employees: 2
Trading Hours: M-F 8-5
Reason for Sale: Owner is retiring