Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Pets: | No Pets Allowed |
Financials
Price:C998,000
($707,372)
(€612,990)
Exceptional opportunity to acquire a highly profitable and well established home appliance sales and service business in Markham, Ontario.
Description
Exceptional opportunity to acquire a highly profitable and well-established home appliance sales and service business in Markham, Ontario. With a remarkable 35-year history under the same dedicated ownership, this business has built an impeccable reputation and a loyal client base across a wide geographical area, including Uxbridge, Stauffville, Oshawa, Vaughan, Markham, Newmarket, and Scarborough. This multifaceted business generates impressive annual sales of over $3M, with a sound net income. The business operations are diverse, encompassing major appliance sales, appliance parts distribution, authorized warranty services, and general appliance repair. A key competitive advantage is the exclusive access to open-box appliances from top brands like Maytag, Whirlpool, Amana, and Jenn-Air. The sale includes a robust fleet of vehicles: one box truck, two service vehicles, and one pickup truck, ensuring efficient operations and service delivery. The current owner is retiring, presenting a seamless transition for a new owner. An optional inventory valued at $300K-$500K is available for purchase. Vendor Take-Back (VTB) financing is a possibility, offering flexibility for a qualified buyer. The business operates from two strategic locations. The Woodbine location, a 9,000 sq ft facility, has a lease with a rent of $19K/month, with a new 5-year lease and a 5-year renewal option. The second location on Bullock Dr is seller-owned (2,428 SF) and can be either leased or purchased in addition to the Woodbine location lease assumption, providing a unique opportunity for real estate ownership.The business is supported by a skilled team of 11 employees. This is an incredible opportunity to take over a turnkey operation with a solid foundation and significant potential for growth, particularly by expanding into the Asian community. Don't miss out on owning a great business with decades of goodwill and a proven track record of success.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.