Seller's Contact Information
- RE: St. Louis County Flooring Business
- Contact: Ray LeBlanc
Quick Facts
Asking Price: | $625,000 | |
Annual Revenue: | $500,194 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $141,542 | |
Total Debt: | Not Disclosed | |
FF&E: | $38,415 | |
Real Estate: | $500,000 | |
Year Established: | 1975 | |
Employees: | 2 | |
BBN Listing #: | 52114955 | |
Broker Reference #: | 5508-17742 |
Business Overview:
This is a well-established flooring company that specializes in carpet and vinyl flooring. The current owner represent the second generation of ownership. The owner is basically a 1-man operation who generates all of the revenues through referrals and repeat customers. A buyer who wants to increase revenues can do so by enhancing the current website and investing in an advertising program that matches the buyer's aspirations.
When the business is sold, the owners plan to retire.
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Property Features and Assets:
The business is located in a 3,725 square foot, standalone building on a major street with a high traffic count. The asking price for the real estate is $500,000 which is included in the Listed Price. The building is divided into two separate bays. The larger of the two is 2,625 sq. ft. and houses the flooring business. The smaller bay is 1,100 sq. ft. If the buyer of this business has existing warehouse space, or uses an installation service that can accept materials, he/she can either expand offerings, or rent the space to a tenant for approximately $1,500 to $1,600 of additional revenue per month.
Assets = $543,169
Market Competition and Expansion:
There are other flooring businesses in St. Louis County, but few have the 47-year continuous history that this company enjoys. A professionally enhanced website, and a stronger advertising program will facilitate increased revenues.
Reason for Selling:
Married couple plans to retire.
Additional Details:
- The property is owned.
- 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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