This turn-key highly-profitable, established business provides flexibility to the owner and has a lot of up-side potential! Low overhead and no inventory to carry! The sales revenue for the first 9 month of current year is 16% (over $106K) up from the same period of the prior year!
The business specializes in upholstery, window fashions, custom furniture manufacturing and furniture restoration, as well as high-end flooring. The business caters to both residential and commercial customers. Among the long-term commercial customers of the business are such names as McDonalds, The Keg, Coast Plaza Hotels, Banff Centre and others.
The business was established in 1992, and has been a well-recognized name in the industry ever since. The business offers its customers a personalized shopping experience. Due to the high quality of the product lines and the business’ second-to-none reputation for customer service, the business has been able to maintain high profit margins. The business has not been significantly impacted by the economic downturn of the past few years, and has had stable revenue and healthy earnings. The store is open six days a week.
The owner’s role is to maintain relations with key commercial customers, represent the business when dealing with suppliers and new commercial customers, oversee operations and manage staff. The owner is not involved in any upholstery, restoration or manufacturing work, for which he relies on experienced employees, most of whom have 15–30 years’ experience in the industry. All employees are well-qualified and are capable of running the business in the owner’s absence.
The equipment of the business consists of a commercial cargo van, furniture manufacturing and upholstering equipment, office furniture, computers, and various retail fixtures. The business carries very little inventory, as all orders are custom and supplies are ordered only when an order is placed.
There are no special licenses or skills needed to operate the business. The seller has agreed to assist the incoming buyer with up to one month of training at no extra cost, to accommodate a smooth transition, and will also be available for consultations afterwards.