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#Business ID: 32539

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Turnkey Profitable Outdoor, Balcony Flooring & Design Business For Sale

Business Location: Toronto, Ontario, Canada

Asking Price: CA$ 975,000 Revenue: CA$ 1m to 5m Cash Flow: not disclosed

[Furniture / Fixtures included]

Business Summary

This company is an established manufacturer, importer, distributor, and installer of proprietary outdoor flooring and shades products. Its operating structure is a lean business model that has minimal overheads. The owners have developed the business and positioned it for its next stage of growth supported by an established supply chain network, B2C and B2B client portfolio and highly systemized operations.
The business has over 100 five-star reviews across mainstream review platforms. Its reputation has driven recurring revenue through word-of-mouth referrals and returning clients.

Property Details

Years Established:

10

Other Business Details

Business Location:

100% virtually operated company.

Premise Details:

100% virtually operated company.

Competition:

The business has established its market niche and successfully differentiated its product and service offerings. While a few competitors have attempted to replicate its products, the business model is novel. It offers popular proprietary products exclusively and cultivates the developer channel to market its products rather than focusing on the traditional retail and B2C channels.

Expansion Potential:

According to (Canada Mortgage and Housing Corporation) and CondoNow, there are an estimated 2,500 condo corporations that are occupied with over 1,000 new condos being constructed that are earmarked to be occupied by its owners within 48 months. These figures represent a 40% growth in this company's target market, presenting a strong potential for expansion for the business. In addition, there are ample growth opportunities including deepening its market reach and penetration by expanding geographically, unlocking the franchising model, expanding its product and service range to include pavers, design services and indoor condos renovation services respectively. The company grew its Seller’s Discretionary Earnings by 216.5% from F.Y. 2019 to F.Y. 2021. An 85.5% increase in Revenues was also experienced within the same timeframe. This growth is expected to continue.

Business Operation Details

Employees:

The number of staff members changes throughout the seasons, especially with regard to installers. However, the business has well-placed systems, processes and compensation structures to easily expand or contract according to the seasonal changes and cash flow.

Support & Training:

Owners are willing to help to transition a new owner in any way they can. They had already developed their company for Franchisees and this training could easily be adapted for the new owner. They would also make themselves available for any other support that may be needed and are open to suggestions and terms. They are invested in ensuring that the new owner is well prepared to take their company into the future and prosper.

Miscellaneous Details

Reason For Selling:

The owners have achieved their strategic business goals and wish to pursue real estate and commercial investments.

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