Seller's Contact Information
- RE: Established Floor Covering Business
- Contact: Mark Finsterwald
- License #: EA
Quick Facts
Asking Price: | $90,000 | |
Annual Revenue: | $5,206,311 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $46,597 | |
Total Debt: | Not Disclosed | |
FF&E: | 45,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2012 | |
Employees: | 2 | |
BBN Listing #: | 8058386 | |
Broker Reference #: | BD-0911 |
Business Overview:
Great opportunity for Decorator or Designer!
This Colorado Springs business offers hardwood, carpet, laminate, tile and vinyl flooring solutions for both residential and commercial clients.
Business is run by a Manager and Sales Person.
This company has been providing personalized flooring solutions in the Colorado Springs area for more than 10 years. The company has an excellent reputation for quality and price and is truly “customer oriented”. This company has 4.6 star rating from Google customer reviews. Colorado Springs population has increased each year out of the last 11 years between 20210 and year 2021 with an annual average growth rate of 1.8%. El Paso County recorded the largest population growth in Colorado between 2010 and 2021.
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Property Features and Assets:
Very nice location and well laid out and designed showroom. Monday through Saturday: 9:00 am to 5:00 pm They do not perform the actual installation of the flooring, it is sub contracted out.
Market Competition and Expansion:
Colorado Springs was ranked as one of the top ten cities in the US to live in 2021 and estimates for the total value of future housing construction is more than $4.3 billion. With this projected growth, the flooring business has tremendous growth potential for a new owner. In addition, with current mortgage rates at over 7% for a 30-yr fixed loan, many homeowners will prefer to fix up their current home as opposed to purchasing a new home.
Reason for Selling:
Focus on other businesses.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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