This is a well-established and very profitable home improvement centre.
It operates out of two retail locations with showrooms. It offers products at competitive prices (kitchens, counter tops, vanities, toilets, showers, tubs, doors, flooring, etc.) with focus on DIY customers (B2C) and contractors (B2B). It also offers services of project management and execution for non-DIY customers (B2C).
The business is great on working capital with majority of sales derived from product sales where payments are due on pick-up (retail model). For services, a favourable deposit structure is in place with payment milestones.
There is a manager in place, thus minimizing owner's involvement needed in day to day operations.
The owner is retiring and ready to transition the business.
No seller financing is expected to be provided.
CIM will be made available only to pre-qualified buyers with an executed NDA.
$1,299,000 CAD