Sales UP during Covid! Flooring Home Improveme...

Phoenix Metro, AZ

Asking Price: Annual Revenue:
$875,000 $2,112,755

Retail: Home Furniture & Furnishings

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RE: Sales UP during Covid! Flooring Home Improveme... Broker: Terry Kelm
Owner Financing is Available!

Quick Facts

Asking Price: $875,000
Annual Revenue: $2,112,755
Net Profit: Not Disclosed
Cash Flow: $372,311
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1995
Employees: 8
BBN Listing #: 961338691
Broker Reference #: MINNEMN001-N1842

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Business Overview:

An essential Business that has seen sales INCREASE during the pandemic of 2020! This 25 year-old flooring retailer/installation and remodeling business has great profitability and includes real estate. Home improvements are big business, and during the pandemic business has boomed as more people, forced to stay and/or work at home, are upgrading their personal spaces. Long term, as more Millennials move into the housing space, statistics are showing that these individuals are twice as likely to renovate the spaces in their homes compared to Baby Boomers. This business has steady revenues in excess of $2,000,000 million and owner benefit that exceeds $350,000 (when adding in real estate) annually, for several years running. Even with challenging market conditions brought on by COVID-19, this business has proven its resistance and has actually increased sales in 2020. Estimated 2020 sales will approach $3,000,000. Established in 1995, this business is part of an extensive network exceeding 500 independent retailers in North America. This provides owners with tremendous buying power, giving them access to the widest selection of the finest flooring available, and being able to offer that variety to their customers at competitive prices. But what truly sets this business apart is their commitment to customer service….the attention to detail with every customer has helped the owners build a sound business with strong repeat customers and a great reputation in the marketplace. The business price of $875,000 does not included the real estate. The building comes complete with a best-in-class showroom. Customers are truly able to experience and enjoy a visual of what different coverings will appear like in their home, while being able to receive consultation from a staff of flooring experts. The real estate is being offered for $1,860,000 and buyer must purchase both the business and real estate in this transaction (total transaction of $2,735,000). The current owners are ready to retire and are looking to sell both the business and commercial space. Inquire today to learn more about this incredible opportunity! The mature industry, excellent reputation in the market, status as a warranty repair expert, loyal customer base, healthy owner profits and opportunities for growth combine to make this an attractive and rewarding business opportunity. Inquire today to learn more!

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Reason for Selling:


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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