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.
Listing IDN12413982
Address176 bullock Drive Unit# 3 & 4
CityMarkham, Ontario
Price$998,000
StyleSale Of Business
TypeBusiness
StatusFor Sale
