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- RE: Profitable Flooring And Tile Store And Installer
- Contact: Michael Morrisey
Quick Facts
Asking Price: | $460,000 | |
Annual Revenue: | $3,371,493 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $189,499 | |
Total Debt: | Not Disclosed | |
FF&E: | $100,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1977 | |
Employees: | 11 | |
BBN Listing #: | 934730 | |
Broker Reference #: | 59071-919990 |
Business Overview:
This well-established, centrally located Portland flooring business has been providing high-quality surface materials and installations for well over 40 years. The business attracts customers to its pleasant 8,800 sf showroom with a distinct and curated selection of products, including hardwood flooring, synthetic and wool carpet, ceramic and porcelain tile, marmoleum, cork flooring, luxury vinyl, countertops, and more.5 experienced project consultants and managers assist customers, which include homeowners, contractors, retirement facilities, property management, and main street projects with expert material selection and installation services. Their full-service approach represents the foundation of this business. More than 4 decades ago this business was founded by two flooring craftsmen who focused on quality and integrity. This tradition has remained throughout and is being fostered by its current owners, who purchased the business in 2018. One of the current owners joined the business a year earlier in a management position. The flooring industry is a large segment of the economy and ties in with the construction industry. In Portland, Many have co-existed for decades. There is potential for growth in many areas. Tile sales and installations are a growing segment of this business. Other areas include eco-friendly products like cork, wool carpet and engineered hardwood flooring. Strategic approaches in the Pro sales segment could also prove to be lucrative.
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Property Features and Assets:
Monthly Rent: $13,800.00 Square Units (Foot, Meter): 8,800 Â Lease Expiration Date: March 31, 2025, 12:00:00 AM Terms Options: 3 year option
Reason for Selling:
Retiring
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
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