Established Flooring Biz in Atlantic - 31936

Not Disclosed, NJ
Atlantic County

Asking Price: Annual Revenue:
$269,000 $828,000

Retail: Home Furniture & Furnishings

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RE: Established Flooring Biz in Atlantic - 31936 Broker: Jim Aloi

Quick Facts

Asking Price: $269,000
Annual Revenue: $828,000
Net Profit: Not Disclosed
Cash Flow: $124,000
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 10204447
Broker Reference #: Not Disclosed

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Business Overview:

Established floor covering store with retail location and excellent reputation. Recent 2018 super service award from Angies List. Strong referral and repeat business. The business has seen tremendous growth. From 2016-2018 sales were up 108.2%! Primary areas of focus are hardwood, vinyl planks, laminate, and stair refacing systems. Carpet and tile are also offered. One of the areas only retailers that also offer sanding and refinishing of existing hardwood floors. They offer commercial and residential services. Included in the sale is a beautifully wrapped, one of a kind, mobile showroom with over 2,000 samples onboard, a cargo delivery van, forklift with carpet pole. All labor is contracted out with highly skilled mechanics. Beautiful, recently renovated showroom with attached warehouse. Brand new garage door opener just installed on 12? overhead door. On top of existing showroom is a loft that could double showroom size or simply be used as storage. The showroom is located in an urban enterprise zone which allows them to collect a 50% reduced tax rate on materials. This feature is very attractive to consumers. Financing is also offered to qualified buyers. The current owner is willing to and prefers to stay on part time after the sale. Contact broker Jim Aloi For more information or email us.

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Reason for Selling:

Other interest but will stay working 3 days.

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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