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Rock Solid Flooring And Decorating Centre For Sale

Okanagan, British Columbia
Asking Price:
$500K - $1M (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,400,000 (CAD)
Cash Flow:
$100K - $250K (CAD)

Located in the Okanagan since 1972, this opportunity includes a combined flooring store and decorating center, unique to the region. The company services an established group of large residential and commercial construction general contractors (30% of revenues) in addition to the retail home improvement marketplace (70% of revenues). Robust construction activity in the region offers new ownership the opportunity of stable and growing revenues from an established customer base, with additional growth available right now.

This business is a great fit for a couple looking for the entrepreneurial experience in one of the most affordable and beautiful locations in Canada, or a strategic industry purchaser looking for an add-on or integration.

This is a Share Sale for 100% of the Shares, Vendor financing available for a well qualified purchaser offering the right Price. In addition to the sale of the business, the sale of the real estate is also offered and valued at $900,000.

Annual fair market Rent or equivalent annual mortgage payments included already in the expenses and net Cash Flow.

Property information

Location:

Okanagan, BC (400 kms east of Vancouver, Canada)

Premises Details:

Showroom + offices: 6,200 sq ft
Warehouse: 1,635 sq ft
Parking stalls: 14

In addition to the business, the real estate is valued at $900,000.

Annual fair market Rent or equivalent annual mortgage payments (at 100% financing over 20 years) included already in the expenses and net Cash Flow.

Size in square feet:
7,800 sq. ft. on .7 acre

Business Operation

Expansion Potential:

room is available for expansion

Competition / Market:

only combined flooring store with decorating centre in the region

Reasons for selling:

Retirement

Trading hours:

Monday - Friday 8:00 AM 5:00 PM
Saturday 10:00 AM 4:00 PM
Sunday Closed

Employees:
4 FT plus 4 contract installers
Years established:
1972 - 45+ years

Other Information

Support & training:

Owner is willing to stay on for 1 year on a management consulting basis.

Financing available:

Vendor financing may be available for the Shares, for a well qualified purchaser offering the right Price, up to 10% - 15%.
Commercial mortgages are available from Canadian chartered Banks, up to 100% on the Real Estate.

Inventory / Stock value:
$200,000 (CAD) - included in the asking price

Contact Information

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