Business Overview:
Established 26 years ago as a retail flooring store this business has expanded into A Full-service Flooring operation, providing a large variety of top-quality products and services. Wholesale, Retail, and Installation- ALL IN ONE. A very impressive operation ran with 3 businesses that all complement each other. The combination allows for VERY LOW OVERHEAD and HUGE MARGINS. Average ticket for retail is $10,000 - $15,000, wholesale operation ranges from $10,000 - $100,000 +. Together these businesses have been running as a fine-tuned machine. This business has gained a great reputation for the variety of quality products and good workmanship. High volume sales, great net income. Everything can be verified. Call for details.
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Property Features and Assets:
Businesses are all operated out of a 2-unit building, with a combined sqft of 31,000. This includes a showroom, a huge warehouse space and a back warehouse that is used for the installers. Business purchase comes equipped with vehicles, forklifts, and all of the tools needed to continue to operate successfully. Inventory is also included in sale price.
A luxury flooring boutique, this part of the business that has the highest mark ups. These customers are mostly home-owners. The business has an advantage to be able to offer installation services with every purchase. A Specialty Floor Covering C15 license required. Owner is willing to assist in the transition.
Business has established itself throughout the LA area as the go-to business for interior designers looking for top-notch products that are higher-end and that look good. Owner is part of (ASID) American Society of Interior Designers. He offers private appointments with interior designers with their clients. An elegant showroom displays luxury flooring brands that unique and not available in many other stores. Many are European. This is a niche that has helped him tremendously.
Market Competition and Expansion:
Business location is excellent. Located on a busy street with excellent visibility. The area is known as a hub for flooring and construction. Located just miles away from million-dollar homes. This attracts the high-end clientele that demand the best at whatever the cost. These products they purchase are often European luxury flooring brands that are very well known in the industry. For the middle to lower-end clientele, clients are given the option to shop at the next door at wholesale part of business. They compete very well on price with and provide better quality products than local home improvement retailers. The business offers all major flooring brands.
Reason for Selling:
Retire
Additional Details:
- The property is leased.
- 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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