Flooring Contractor Retirement Sale

Price: $149,000

Location: Raleigh, NC (Wake County) (Relocatable)

Industry: Building and Construction

Listing ID: 16953767-BY

Listing Status: Reduced Price

Description

his profitable flooring store has been in business for over 7 years. The owner plans to retire within the next 12 months and works a reduced schedule. Business has good profit margins. The owner runs the business and has a 1 employee and subcontractors in his group. The store is located within close proximity to some of the hottest markets in the Triangle. The business does approximately 45% LVP, 35% Carpet, 15% Laminate, 10% Hardwood, and 5% Ceramic tile. There is almost $50,000 of inventory included in the price of the business. This is an easy business to run with no special licenses required. Very good foundation in place. Amazing opportunity for someone who wants to step in turn the key and go.

LISTING DETAILS

Down Payment: N/A

Total Sales: $613,765

Cash Flow: $77,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $80,000

FFE Included: Yes

Inventory: $45,000

Inventory Included: Yes

Operation

Year Established: 2016

Non-Owner Payroll: N/A

Employees: 2

Lease Option: Leased

Location

Real Estate: N/A

Monthly Rent: $4,150

Square Footage: 5500

Relocatable: Yes

Summary

Facilities Information:

Located in a strip center. Unit has office, showroom, and warehouse with rollup door. Plenty of parking. Located on a high traffic street.

Terms and Conditions?:

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Reason For Sale:

Retirement

Training & Support:

4 week transition period included in selling price.

Competition:

Prices are the lowest compared to competitors. Being small allows for quick turnaround. Business offers better selection of products and services. More personalized service and warranties on work. High quality provider because they deal with the largest suppliers.

Potential Growth:

Current owner works part time. Potential for higher earnings with an owner/operator working 40 hours. Triangle is experiencing huge population growth with tons of construction and renovations. Continue to build relationships with Apartment communities. Need to staff up business in order to grow.

Financing/Terms:

Seller Financing Available For Qualified Buyers

LISTING OWNER