Niche Furniture Business with E-commerce For Sale
Niche Furniture Business with E-commerce is a specialized furniture retail business that has been a fixture in Toronto for almost five decades, servicing high repeat customer base in the Golden Horseshoe, as well as shipping throughout Canada from a fully functional e-commerce website.
Company’s revenue has been stable from $1.6M to $1.9M in the 2010 – 2013 period, with average owner earnings of $170,000. Since 2014 the company has focused on improving margins by outsourcing some of its production and emphasis on better margin products as well as its e-commerce. Additional cost savings have been achieved by a recent major reduction in overhead of approx. 60%. As a result, profitability of the company has increased significantly.
This is an ideal opportunity for a hands-on owner that would like to be involved in all facets of the business to take it to the next level. This is also an excellent opportunity for a synergistic acquisition, such as a furniture manufacturer or a related retail business. Business has systems in place allowing for hands-off ownership if desired.
The current owner would like to sell in order to retire from the business. Training and an agreed-upon transitional period will be provided to the purchaser. Training in administration, operations, management, and day-to-day running of the business will be part of the handover process. The business provides a great work-life balance being open 42 hrs/week.
Asking price: $650,000
Cash flow: $223,000
Inventory: $250,000 (included)
FF&E and Leaseholds: $120,000 (included)
Employees: 3 F/T; 2 P/T, excl. owner
Established: 1967/Purchased in 2000