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UNDER LOI

Retirement – Flooring Business for Sale in Ontario

Revenue:

$20,000,000

Ref #:

5313

Location:

Ontario

- Very profitable, one of the largest flooring business 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, 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 by leveraging the current brand, existing supplier, clients and builder relationships and entering into new geographical markets

- Current owner is past retirement age and if needed, is willing to stay as a consultant to ensure orderly transition