Well Established B2B Company In The Furnishings Sector
Long established and very successful supplier of custom products to the commercial, home and recreational furnishings sectors.
This business has a very good niche in the Atlantic Canada market and has a very diversified base of customers, many of which are repeat customers, in retail, business and government.
The business operates out of rented premises in HRM and requires very little capital and staffing. The current owner operates the business with some part time help and an outside bookkeeper and is able to handle the ordering of product, customer fulfilment, billings and inventory management by themself.
The owner is looking to retire after running the business for over 30 years and will provide training and transition assistance to the Buyer. This is a business that would be suitable for a couple, business partners or a hardworking individual.
Excluding owner compensation, the business generates annual cash flow in the $300K range on revenues in the $900K range and if a couple purchased the business additional expenses could be eliminated such as part time help and external bookkeeping.
This business could also be an acquisition candidate for a business looking to expand and diversify its revenue base.
Financials (USD)
Asking Price $750,000
Cash Flow $300,000
Sales $850,000
Deal Terms
Represented by broker? Yes
Buyer Fee? No
Seller Financing? No
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? No
Management will stay? No
Relocatable? Yes
Real Estate? No
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