Business Summary:
Established in 2007, this business operates out of a 2,800square-foot facility in Manitoba, just outside Winnipeg, which combines a showroom, warehouse, and office space. Serving primarily the Winnipeg and Manitoba region but capable of handling projects across Canada, the company specializes in hardwood flooring sales, installation, refinishing, and maintenance services such as deep cleaning, recoating, and re-oiling. Catering to a diverse client base consisting of home owners, general contractors, architects, and interior designers. The team consists of two owner-operators who manage operations, sales, and bookkeeping, supported by three full-time employees (a lead sander, lead installer, and a helper), as well as a network of sub-trades. All major equipment is owned, with the exception of two leased vehicles, and the facility is well-equipped to support both retail and operational needs. The sellers have offered to stay with the business for 4-6 months post close as part of their transition period in addition to carrying 10% of the purchase price as a show of faith in the continued success of the business moving forward. Priced at $850,000 a 10% down payment can return $99,418 in the first year after debt payment! There have been several growth opportunities that have been identified, including expanding marketing efforts and enhancing their online presence. The owners noted that the company has relied almost exclusively on word-of-mouth referrals and has done very little advertising, SEO, or website development. They believe that investing in digital marketing and a more robust website could significantly increase visibility and attract new customers. Additionally, hiring dedicated sales staff is seen as a potential avenue for growth, allowing the business to pursue more leads and manage a higher volume of projects
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