Diversified Vacuum Retail and Service Business
This is one of the largest pure play retailers of vacuum cleaners and accessories in the greater Toronto area. The business has a diverse product offering and sells central and canister vacuums, floor polishers, accessories, carpet cleaning products and more. In addition, the business does installations and generates recurring revenue from servicing. Through 30 years of experience, the business has built a strong brand image and an extensive vendor network of over 25 brands including Panasonic, Electrolux, Canavac, Eureka and more. The business has a loyal customer base and generates new business from referrals and word-of-mouth advertising. In addition, the business has a professional website which has helped boost online sales. The business has performed well financially with overall revenue growth over the last five years. The business has diversified revenue streams with no seasonal trends. Moreover, the business has a five year average EBITDA margin of 14%.
The consumer electronics and household appliance retail industry in Canada is in its mature stage. Going forward the industry is forecast to experience modest growth driven by increasing consumer discretionary income and an increasing percentage of Canadians opting for individual housing.
This is an ideal opportunity for an individual buyer seeking to acquire a retail business with an established vendor network and client base and a strong brand image across the GTA.
Note: Asking price excludes real estate valued at $800,000. $75,000 in inventory is included in the sale.