FURNITURE REFINISHING, UPHOLSTERY, AND RETAIL COMPANY

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FURNITURE REFINISHING, UPHOLSTERY, AND RETAIL COMPANY

Asking Price: $235,000
Revenue: Undisclosed
Cash Flow: Undisclosed
EBITDA: Undisclosed
Reference # :
Business Category: Repairs & Maintenance
Location: Toronto, Ontario
Contact Number: (289) 828-4229
Views: 470
Description

The business provides furniture refinishing, upholstery, and a retail furniture division.

The company has a broad base of clients with a number being generational families.
Has been in business 45 years- owner looking to retire.
The company provides two core offerings- furniture refinishing, painting, and upholstery (65%) and retail (35%)

Retail supply is high-quality Mennonite-made.
Revenue and cash flow is consistent and stable. One employee.
Upholstery for the most part is sub-contracted at 30-40% margins.

Repeats, referrals, and website generate business.

Growth potential includes creating a “Home Division” to provide in-home repairs (insurance/movers/retailers) and kitchen cabinet and railways/staircase painting.
Included in the asking price is approx. $15,000 in capital equipment (UCC) and $30,000 in inventory. FMV of capital equipment is higher.

Revenue of approx. $260,000 and normalized cash flow of $115,000
The seller owns building and can provide a lease- complete flexibility if buyer wanted to consolidate operation into their facility as well.

Full transitional assistance included. Business skills are transferable.
Ideal opportunity for an owner operator, a competitor, or furniture-related business looking for an accretive acquisition. Entirely turnkey. Asset Sale

Market and competitive advantages: 
Additional Business Details
Real estate value/price: 
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Real Estate Included in Price: 
N/A
Inventory value: 
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Inventory Included in Price: 
N/A
Value of business equipment: 
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Included In price: 
Yes
Length of lease: 
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Assets, Training & Support
List major assets: 
Support & Training?: 
Yes
Reason for Sale
Business Details
Relocatable: 
N/A
a Franchise: 
N/A
Asset sale: 
N/A
Lifestyle Business: 
N/A
Homebased: 
N/A
Absentee run: 
N/A
Seller financing available: 
N/A
Other Details
Length of ownership: 
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Employees Full Time: 
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Employees Part Time: 
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Proforma - Facts Sheet
Cost of goods sold: 
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Labor cost - hourly: 
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Labor cost - management: 
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Labor cost - commission: 
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Amortization: 
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Occupancy cost: 
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Utilities: 
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Property and business taxes: 
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Marketing and Promotion: 
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General expenses: 
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Contact this Seller

 
Broker - Agent

Tom McLeod

Real Estate Agent

Keystone Business Brokers

Real Estate Agency