Furniture Rental Business Opportunity
Furniture Rental Business Opportunity
Price: $399,900
Location: GTA
Industry: Furniture and Home Furnishings Stores
Listing ID: 20231023
Listing Status: Reduced Price
This is a well-established furniture and accessory rental business opportunity with great potential in the Greater Toronto Area (GTA). The company offers a wide range of rental options for stagers, realtors, developers, and special events.
Total Sales: $437,539
Cash Flow: $98,993
EBITDA: $52,593
FFE Included: Yes
FFE: $257,467
Reason For Sale:
The business partners have shifts in life focuses
Training & Support:
Available
Year Established: 2017
Owner Hours Per Week: Monday: 9:30 a.m.–4:30 p.m. Tuesday: 9:30 a.m.–4:30 p.m. Wednesday: 9:30 a.m.–4:30 p.m. Thursday: 9:30 a.m.–4:30 p.m. Friday: 9:30 a.m.–3 p.m. Saturday: Closed Sunday: Closed
Employees: Two part-time truck drivers for furniture deliveries. One of the owners works there to manage the business and is paid on an hourly basis, with a total annual payment around $45K.
Monthly Rent: $4,950
Type of Location: This leased space, spanning approximately 3,747 sq ft, is thoughtfully designed with three distinct sections. The entrance boasts an open and well-lit layout, creating an inviting showroom atmosphere. The middle section features custom-designed, fixed shelving for organized storage, allowing customers to explore furniture and accessories seamlessly. The additional section serves for storage and loading purposes. Accessibility is convenient, with ample customer parking shared among the building units, and there's designated overnight parking for one vehicle in the common areas.
Square Footage: 3,747
Facilities Information:
Approximately 3,747 sq ft with a prime location with easy access to major highways, serving Richmond Hill, Markham, Aurora, Newmarket, Scarborough, North York, Pickering, Vaughan, Mississauga, and Toronto.
Historical Summary:
The business was established in 2017 and has steadily grown over the years, attracting a loyal clientele and establishing a strong online presence. It's set for further growth and expansion.
Competition:
The Greater Toronto Area (GTA) has a competitive furniture rental and staging market. The business focuses on flexibility and customization to stand out.
Potential Growth:
The business has excellent growth potential, with an already established online booking system and strong online presence. It can further expand its reach and offerings, monitor customer satisfaction, and leverage its positive reputation for growth.
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