Seller's Contact Information
- RE: Flooring Contractor Retirement Sale
- Contact: Brian York
Quick Facts
Asking Price: | $149,000 | |
Annual Revenue: | $613,765 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $77 | |
Total Debt: | Not Disclosed | |
FF&E: | $80,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2016 | |
Employees: | 2 | |
BBN Listing #: | 297854992 | |
Broker Reference #: | 16953767-BY |
Business Overview:
This profitable flooring store has been in business for over 7 years. The owner plans to retire within the next 12 months and works a reduced schedule. Business has good profit margins. The owner runs the business and has a 1 employee and subcontractors in his group. The store is located within close proximity to some of the hottest markets in the Triangle. The business does approximately 45% LVP, 35% Carpet, 15% Laminate, 10% Hardwood, and 5% Ceramic tile. There is almost $50,000 of inventory included in the price of the business. This is an easy business to run with no special licenses required. Very good foundation in place. Amazing opportunity for someone who wants to step in turn the key and go.
Support & Training: 4 week transition period included in selling price.
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Property Features and Assets:
Located in a strip center. Unit has office, showroom, and warehouse with rollup door. Plenty of parking. Located on a high traffic street.
Market Competition and Expansion:
Prices are the lowest compared to competitors. Being small allows for quick turnaround. Business offers better selection of products and services. More personalized service and warranties on work. High quality provider because they deal with the largest suppliers. Growth & Expansion:Current owner works part time. Potential for higher earnings with an owner/operator working 40 hours. Triangle is experiencing huge population growth with tons of construction and renovations. Continue to build relationships with Apartment communities. Need to staff up business in order to grow.
Reason for Selling:
Retirement
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
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