Outdoor Flooring, Shades And Design
Outdoor Flooring, Shades And Design
Price: $975,000
Location: TORONTO
Listing ID: 20211130
Listing Status: Sold
This business is an established manufacturer, importer, distributor and installer of proprietary outdoor flooring and shades products.
Utilizing technology and systems, it controls the value chain to deliver superior client experiences. Its unique value proposition spans across an integrated operating structure with a lean business model that has minimal overheads.
The owners have developed the business and positioned it for its next stage of growth underpinned by an established supply chain network, B2C and B2B client portfolio and highly systemised operations.
Total Sales: $1,100,000
Cash Flow: N/A
FFE Included: Yes
Reason For Sale:
The owners have achieved their strategic business
goals and wish to pursue real estate and commercial investments.
Training & Support:
Owners are willing to help to transition a new owner in any way they can. They had already developed their company for Franchisees and this training could easily be adapted for the new owner. They would also make themselves available for any other support that may be required and are open to suggestions and terms. They are invested in ensuring that the new owner is well prepared to take their company into the future and prosper.
Year Established: 2011
Owner Hours Per Week: Mon-Sat, 9am-5pm
Employees: The number of staff members changes throughout the seasons, especially with regard to installers. However, the business has well-placed systems, processes and compensation structures to easily expand or contract according to the seasonal changes and cash flow.
Historical Summary:
Owners have heavily invested in systems to create an agile operating model that spans across its team, workplace culture and clients which has positioned the business for scalability and growth. An incoming owner will benefit from a turnkey business acquisition with minimal investment required to continue operations at this level.
Competition:
The business has established its market niche and successfully differentiated its product and service offerings. Therefore, while a few competitors have attempted to replicate its products, the business model is novel. It offers popular proprietary products
exclusively and cultivates the developer channel to market its products rather than focusing on the traditional retail and B2C channels.
Potential Growth:
According to (Canada Mortgage and Housing Corporation) and CondoNow, there are an estimated 2,500 condo corporations that are occupied with over 1,000 new condos being constructed that are earmarked to be occupied by its owners within 48 months. These figures represent a 40% growth in this company's target market, presenting a strong potential for expansion for the business.
In addition, there are ample growth opportunities including deepening its market reach and penetration by expanding geographically, unlocking the franchising model, expanding its product and service range to include pavers, design services and indoor condos
renovation services respectively.
The company grew its Seller’s Discretionary Earnings by 216.5% from F.Y. 2019 to F.Y. 2021. An
85.5% increase in Revenues was also experienced within the same timeframe. This growth is expected to continue.