Flooring Sales & Installation Business

Not Disclosed, MI
Wayne County


Asking Price: Annual Revenue:
$875,000 $2,758,743

Retail: Hardware, Bldg. Materials, Garden Center


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RE: Flooring Sales & Installation Business Broker: Brian S. Mazar

Quick Facts

Asking Price: $875,000
Annual Revenue: $2,758,743
Net Profit: $307,742
Cash Flow: $307,742
Total Debt: Not Disclosed
FF&E: $110,000
Real Estate: $1,000,000
Year Established: 1960
Employees: 15
BBN Listing #: 437163147
Broker Reference #: AF152

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Business Overview:

Flooring Sales & Installation Business. The business boasts over 60-year history of successfully serving customers with flooring needs. The store’s brand name is highly recognized and well-respected in the greater Detroit metropolitan area.

The business operates as a floor covering seller and installer of carpet, hardwood, vinyl, and other floor surfaces.

Over the years the business grew to being able to offer more brands and services. Considered by most to be the Premiere Floorcovering source in the Detroit Metro area. The business has provided the best in service, product, and workmanship throughout much of the Metropolitan Detroit Area.

As a family-owned business, it has also effectively become involved in support of many community initiatives in the downriver area. Supporting the schools’ fund-raising activities with sports groups and art programs, as well as drama groups and senior facilities, they have collectively attempted to “give back” to their client base community.

The business boasts a staff of sales professionals and installers who have achieved the rating of “Five Diamond Installation Excellence” through performance and most importantly, customer response.

The owner of the business owns the building and is open to either leasing the building or selling the building along with the business.

The real estate is available for purchase, the property was appraised in 2020 at $1,000,000.

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Property Features and Assets:

The business is housed in a building consisting of 12,840 square feet. The operation houses all of its operations out of one building. The business is located on a main well traveled road. The owner of the business owns the building and is open to either leasing the building or selling the building along with the business. The real estate is available for purchase, the property was appraised in 2020 at $1,000,000.

Market Competition and Expansion:

Competition is moderate. The business has growth opportunities since the current owner is comfortable with the current revenue. The current owner serves it's customers within a 1 hour radius, therefore a new owner can grow the revenues by extending the geographic service area.

Reason for Selling:

Retiring

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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