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Flooring Store Business For Sale in Barrie

Revenue:

$1,200,000

Ref #:

40359

Location:

Barrie

- Very profitable flooring store business established in Barrie since 2005

- Normalized seller discretionary earnings of $230K in YE 2020;

- Average revenue over $1M in last 4 years; 2021 revenue exceeding $1.2M

- Business sells high end flooring products that are not found in regular and national chain stores

- Also provides installation services through subcontractors

- Provides great customer service to its clients and has become go-to building supplies store for property owners, property managers, restoration companies and small businesses in Barrie and Simcoe area
Business has won many awards and has over one hundred five-star reviews and ratings on third-party websites like Google, Facebook etc.

- Low cost of operations, maintains very low inventory of only 10K or less

- Staff of 2 employees and between 4 and 5 subcontractors capable of running business with low owner involvement. Manager works on a commission structure and is incentivized to produce results for the business

- Huge potential to grow business by leveraging the current brand, increasing advertising spend and venturing into e-commerce space or entering into other geographies

- Currently operates from facility owned by the seller however business will need to be relocated before end of 2022

- Seller is open to a creative deal structure for the right buyer and is will stay as a consultant for a negotiable period of time