Business Location: South Central Ontario Postal Code: L1A Relocatable: No
Business Categories:
Retail Stores & Trade Home & Garden
BUSINESS FEATURES
In business since 1977 at this location, this specialty furniture retailer sells a range of imported indoor and outdoor home furnishings that are both environmentally friendly and unique in the Greater Toronto Area. For the past ten years the seller has run the business as an absentee owner - with the store managed by one salesperson and a part-timer. A new hands-on owner/operator would improve sales and profits. Selling all Asian-manufactured products allows for excellent mark-ups even when discounted to the customer. The furniture category targets more mature customers who have more disposible income and the business is less subject to the economy.
FINANCIAL INFORMATION
Annual Receipts are $580,000. Sales in the first 5 months of this year are up 17% over last year.
Inventory included in the asking price: $122,000
Furniture, fixtures & equipment (FF&E) inlcuded in asking price: $51,000
Leased premises: 10,090 square feet
Monthly rent: $8,700
MARKET & COMPETITION
It is the largest showroom of it's kind in this category. There is really no truly similar competition. The seller is retiring from another business he just sold and will provide solid training and transition to the new buyer.
For further information - Contact the Broker/Agent:
by e-mail.
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the accuracy of all information to his own satisfaction.
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