Coast Wholesale Appliances, Inc.

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Coast Wholesale Appliances, Inc. - overview

Established

1978

Location

Vancouver, BC, Canada

Primary Industry

Consumer Products

About

Coast Wholesale Appliances, Inc. is a Canadian retailer specializing in a wide array of home and kitchen appliances, providing quality products designed to enhance everyday living for consumers across Canada. Founded in 1978, Coast Wholesale Appliances, Inc. operates as a retailer of home and kitchen appliances, headquartered in Vancouver, Canada.


The company has executed one notable deal, with the most recent investment occurring on October 2, 2017, when TriWest Capital Partners invested an undisclosed sum into the firm. The CEO of the company is Bill Walker. Coast Appliances specializes in providing a comprehensive range of home and kitchen appliances targeted at residential customers across Canada. Their core product offerings include a wide selection of refrigerators, dishwashers, laundry machines, cooking ranges, microwaves, and small appliances, all designed to meet diverse consumer needs in modern households.


The appliances are engineered to enhance efficiency and user convenience, addressing everyday challenges faced in cooking, cleaning, and garment care. They carry reputable brands such as LG, Samsung, and KitchenAid, ensuring quality and reliability. Coast Appliances serves multiple geographical markets, with locations in British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, catering to urban and suburban clientele who prioritize both functionality and aesthetics in their home appliances. Coast Appliances generates revenue primarily through direct-to-consumer sales, retail channels, and partnerships with appliance manufacturers.


Customers typically purchase products in-store or online, with various flagship appliances offered at competitive prices. The transaction structure involves one-time purchases of individual appliances, often bundled with promotional offers such as discounts or extended warranties, enhancing customer value. For instance, they feature promotions for specific models, such as the LG Front Load Washer or the KitchenAid Built-In Dishwasher, which appeal to consumers looking for quality at a reasonable price. The company's sales strategy focuses on providing a seamless shopping experience, allowing customers to select between in-store consultations and online purchasing options tailored to their specific appliance needs.


The company is focused on expanding its product offerings and enhancing customer experience. Upcoming new products include the launch of innovative energy-efficient appliances designed for modern homes, expected in early 2024. Additionally, Coast Appliances is planning geographical expansion into the eastern provinces of Canada, aiming to establish a presence in Quebec by late 2025. The investment from TriWest Capital Partners in October 2017 is intended to support these initiatives, facilitating product development and market entry strategies.


Current Investors

TriWest Capital Partners

Primary Industry

Consumer Products

Sub Industries

Household Appliances

Website

www.coastappliances.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Coast Wholesale Appliances, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedCoast Wholesale Appliances, Inc.-

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