Inventory: $170,000 Furniture, Fixture and Equipment: $10,000
Chinook Business Brokers is proud to offer for sale a high growth, profitable new and used office furniture retailer housed in a 24,000 square foot warehouse / showroom in the City of Calgary. The company grossed over 2.5 million in 2013 and is on track to increase revenues to over 3 million this fiscal year. In addition to great annual sales figures, the firm boasts impressive margins. The company booked over $400k in pre-tax profits in 2013 and shows a stellar 350k EBITDA. The showroom / warehouse was built to suit for a furniture company with 2 loading docks and numerous storage racks. The owners have negotiated a fantastic lease rate of only $7.25 / square foot with good renewal options in place. The majority of the stores customers are Calgary based corporations, many are repeat clients with long standing relationships with the firm. The company maintains a customer database with over 3000 names.
The staff is long term and well trained, making this a great opportunity for a new owner from within or from outside the office furniture industry. The company is riding the wave of the booming Calgary commercial market in both the new and used office furniture space. This is a truly great opportunity to take over a well-managed firm in a growing industry in a thriving city.