Summary

Status: Active
Region: Lower Mainland
Category: Retail Trade
Description:

This home furnishing retailer was established in 2001 providing high quality Canadian built solid wood furniture and select specialty mattresses.
These unique, handcrafted pieces are made to order for bedroom, dining room, living room & office furniture offering many selections of styles, sizes, stains, wood types & options.
The profitable family owned and operated store has exclusive distribution of several lines of furniture and specialty mattresses not found in chain stores.
There is also an endless selection of designs for sofas, sectionals and chairs made to order with a vast number of textiles and leathers to choose from. Buyers can feel confident they can create design solutions for every need.
The owners have developed long standing relationships with both customers and suppliers alike. They have many repeat and referral customers with a data base of over 16000 customers. The company website consistently ranks on 1st page on relevant Google searches.
The business is located on a highly visible, prime main street location with 80’ of frontage in the Lower Mainland. It is easy to access with plenty of parking.
There is great potential to increase sales and profits by increasing store hours from, 5 days/week to 6 or 7 days/week. Five of the last 16 years showed annual sales between 1.5 – 2 million when the store was opened more hours a week.
This business is being offered as an asset sale. The asking price includes 140,000 worth of high quality inventory.

Broker: Michael Naprawa
Listing ID: VANISBC001-N167
City/Town: Lower Mainland

Financials

Asking Price: $420,000
Revenue: $750,000
Net Cash Flow: $120,000 (SDE)
Monthly Payroll: $4,000
FF&E Asking Price: $5,000
Working Capital: $56,000 (Not Included)
Inventory Asking Price: $140,000 (Included)

Property

Real Estate Available: N/A
Building Size: 3750
Rent: $3,750
Parking: yes

Operations

Franchise: No
Homebased: No
Relocatable: Yes
Year Acquired: 2001
Full-Time Employees: 2
Trading Hours: Tuesday to Friday, 9:30 a.m. to 5:30 p.m., Saturday 11 a.m. to 4 p.m.
Reason for Sale: retirement