Business Overview:
This top notch floor covering business is located in Central Illinois. They have an outstanding reputation in the community. They sell Columbia, Dura Ceramic, Marazzi, Millikin, Philadelphia, Bruce, Mohawk, Shaw, Armstrong, Congoleum, Luxury 500, Nafco and many more. They have been in business for over 30 years. There are currently nine employees plus the owner. All floor covering employees are paid by the hour. The employees are not union. There is a 5,000 square feet newer, steel building. There is a 13,000 square feet building, also included in the sale. The building values are about $280,000 to $320,000. There is also a 2005 and a 2007 van included in the sale which is valued at about $18,000. The forklift, saws, stretchers, fixtures, etc. are valued at about $18,000. All of the on-hand inventory of carpet, ceramic, linoleum, etc. is vales at about $30,000. 2009 tax return sales were $825,000. 2010 tax return sales were $788,000. The owner’s benefit for 2010 was $110,000. This is a money making business. Owners just want to retire. The owner’s will finance and train a buyer with $150,000 cash down. This is the only floor covering store in Illinois you will find for sale. The owner does not cold call for new business. Sales can increase a ton if a new owner would go out to build the business. Contact Jeff Highfill today until 10 PM.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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