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Asking Price$425,000
Revenue$1,239,418 Established2004
Cash Flow$115,285 Employees5 full-time
FF&E$25,000* FranchiseNo
Inventory$12,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Flooring company offering carpet, vinyl, wood, tile and stone flooring since 2004. The business sells flooring from a large, modern showroom and refers most of the install work out to local installers. A small, but very experienced staff handles the majority of the operations with the owner working around 20 hours a week. The average transaction is about $3,000, which is mostly for remodel work although some new construction sales exist. Cash flow is managed by taking a 50% deposit on orders with the balance due upon delivery. Equipment and facility are in good condition. Owner wants to retire.
Facilities:The business is in a leased metal building with a showroom designed specifically for flooring products. The facility is a freestanding building on highway frontage with excellent visibility, easy access and consists of approximately 5,000 square feet on approximately 2.6 acres. The parcel also includes a storage business, which is off-highway and shares the same driveway. The showroom occupies about 70% of the space with offices and warehouse accounting for about 30%. There is ample customer and employee parking and management estimates the facility is operating at approximately 50% of capacity. The business is operated M-F from 8:00 to 5:00 and Saturdays 10:00 to 2:00.
Seller Financing:Yes, 20%.
Sale Reason:Retirement
Ad #93550
Seller Reference #1482-82
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Contact This Seller
Charlie Cole
Cole & Company, Inc.
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