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Successful Furniture Retail Store Est:1989 For Sale

Newmarket, Ontario, Canada
Asking Price:
$850,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$4,000,000 (CAD)
Cash Flow:
$250K - $500K (CAD)

Family owned for 31 years, Very Very profitable Full fledged furniture store, specializing in Canadian made furniture.
High quality custom made with over 20 manufactures/suppliers , we offer Bedroom, Dining room, mattresses, sofas and much more.
Located North of GTA, with 1 location 10 000 sq ft beautiful showroom, with a AAA location with high traffic!
Fully staffed, turn key!
Willing to stay on for 6 months during transition period.

If interested, please contact the seller though the form on this page.

Property Information

Real Estate:

Lease

Lease Terms:

6 years remaining on lease.

Leasehold Rent:

$250,000 (CAD) per annum

Location:

Newmarket Ontario

Premises Details:

10000 sq ft showroom AAA location

Size in square feet:
10,000

Business Operation

Competition / Market:

Other competitors, leons, lazy boy, brick, Ashley , but do not specialize in Canadian made products

Reasons for selling:

Retiring

Trading hours:

Monday - Friday 10-9
Saturday 10-9
Sunday 11-5

Employees:
10
Years established:
1989

Other Information

Support & training:

Will stay on board for 6 month during transition period.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Would consider 60% down and finance balance over 6 years at 4.5%

Furniture / Fixtures value:
$20,000 (CAD) - included in the asking price
Inventory / Stock value:
$250,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.

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