||Employees||7 full, 1 part
* Included in Asking Price
This 25-year-old flooring retailer/installation and remodeling business has great profitability.
Home improvements are big business, and the market shows no signs of slowing down. Long term, as more Millennials move into the housing space, statistics are showing that these individuals are twice as likely to renovate the spaces in their homes compared to Baby Boomers.
This business has steady revenues in excess of $2.2 million and owner benefit that exceeds $300,000 annually (and over $400,000 when adding in real estate component) for several years running. Even with challenging market and supply conditions brought on by COVID-19, this business has proven its resistance and even increased in 2020! 2021 should end on a similar trajectory.
Established in 1995, this business is part of an extensive network exceeding 500 independent retailers in North America. This provides owners with tremendous buying power, giving them access to the widest selection of the finest flooring available, and being able to offer that variety to their customers at competitive prices. But what truly sets this business apart is their commitment to customer service... the attention to detail with every customer has helped the owners build a sound business with strong repeat customers and a great reputation in the marketplace.
The business features a best-in-class showroom. Customers are truly able to experience and enjoy a visual of what different coverings will appear like in their home, while being able to receive consultation from a staff of flooring experts.
The current owners are motivated to retire. Inquire today to learn more about this incredible opportunity! As a condition of sale, both the business AND real estate are being included together. The real estate price is $1,860,000. Bank financing for qualified buyers (must have at least $400K for down payment).
The mature industry, excellent reputation in the market, status as a warranty repair expert, loyal customer base, healthy owner profits and opportunities for growth combine to make this an attractive and rewarding business opportunity. Inquire today to learn more!
|Seller Financing:||SBA Financing|
Seller Reference #MINNEMN001-N1842
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