Under Contract Quality Toronto Furniture Manufacturer For Sale

Business description

This business is looking for a new owner which can grow the company's sales channel to agressively add to the revenue line.

The main product of the company has a high gross profit margin, is widely accepted and has many satisfied customers going back over 20+ years which has created repeat customers.

There is an opportunity to add new product lines to the existing client distributor base plus sell existing company products into new geographies.

The company has remained profitable while it has seen many of its competitors have disappear during these tough economic times.

The company has many valuable assets that will included in the sale that far exceed the asking price.

Property information

Real Estate:

Lease

Premises details:

Leased Industrial space 10,692 ft2. Current lease is on a month to month basis.

Other information

Expansion potential:

The company's main product unassembled is simple to ship which lends to the possibility of developing a internet sales channel.

Competition / Market:

Over the last few years the company has sucessfully defended against cheaper imports from Asia which have proved to be of inferior quality. This can be demonstrated from the fact that they continue to have new orders from existing customers and that sales revenues have remained stable.

Support & training:

Current owner will stay on an agreed period of time to assist in transfer of the operation.

Reasons for selling:

Retirement

Trading hours:

Hours of operation are Mon-Fri. Total work week is 43 hours currently.

Financing available:

Financing available.

Furniture / Fixtures value:

$330,000 (included in the asking price)

Inventory / Stock value:

$100,000 (included in the asking price)