Well Established Specialty Furniture Retailer For Sale

Business description

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. It is the largest showroom of it's kind in this category. 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. Sales in the first 5 months of this year are up 17% over last year. The seller is retiring from another business he just sold and will have time to train and transition this business to a new owner.

Property information

Real Estate:

Lease

Other information

Support & training:

Seller will provide training and transition.

Reasons for selling:

Retirement.

Trading hours:

Monday - Sunday

Furniture / Fixtures value:

$51,000

Inventory / Stock value:

$122,000

Contact the seller