Flooring Business for Sale
Ref #: 5313
– Very profitable, one of the largest hardwood flooring company for sale in Ontario established for more than 50 years has become available for sale due to owner retirement
– Business is a full-service flooring company. Offers a diverse mix of products, services includes product selection (including carpet and hardwood flooring), installation, delivery, estimation, design services etc.
– Enjoys a strong commercial, homebuilder and retail customer base, and superior supplier relationships with some relationships dating back to company’s inception
– Maintained average revenue of over $18M and average discretionary owner earnings of over $640K during past 5 years
– Business is on track to earn over $20M revenue in 2022 and has sales order on-hand for over $4M for 2023
– Approximately 50% sales come from residential housing segment, 20% by commercial, 10% by cash and carry and 10% by window coverings
– Provides great customer service to its clients and has become go-to flooring company for DIY’s, homebuilders, contractors within in its geographical market
– Business has earned many five-star reviews and ratings on third-party websites like Google, Facebook etc.
– Loyal staff of 59 employees including management team that can run the business with least amount of owners’ involvement
– Huge potential to grow business into other parts of the country including Toronto, BC, Alberta and Quebec whilst leveraging the current brand, existing supplier, clients and builder relationships and entering into new geographical markets
– Business can adapt a flooring franchise business model
– Current owner is past retirement age and if needed, is willing to stay as a consultant to ensure orderly transition