Established Paint, Carpet & Flooring Retail Store

Shelby, NC
Cleveland County


Asking Price: Annual Revenue:
$489,000 $1,200,000

Retail: Hardware, Bldg. Materials, Garden Center


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RE: Established Paint, Carpet & Flooring Retail Store Broker: Bill Law
Owner Financing is Available!

Quick Facts

Asking Price: $489,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: $35,500
Real Estate: Not Disclosed
Year Established: 1978
Employees: 2
BBN Listing #: 349038766
Broker Reference #: CHARLNC001-N810

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Business Overview:

This Paint, Carpet & Flooring Company has approximately $1,200,000 in annual sales with about 40% of the sales being paint and 60% Flooring Products (Carpet, Vinyl, etc.). The have a combination of retail sales, a few contractors and commercial accounts. There are 3 sub-contractors who install exclusively for the company. They do collect the money for the installations with 50% down and 50% when the job is complete. No formal asking price as the Seller prefers to retain it and lease it to the buyer of the business. He will consider selling it and estimates the fair market value to be approximately $350,000. It consists of a 10,200 SF Building zoned industrial use on 1.7 Acres and this is the same location the business has been located since 1981. The current rent charged is fair market value of $2,500 monthly. There is approximately $35,500 of equipment included in the sale of the business. Inventory tends to run approximately $150,000 consisting of mostly paint and paint products. It is intended for all inventory to convey with the sale subject to an acceptable term sheet.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is 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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