Very Successful and Established Flooring Dealer

Honesdale, PA
Wayne County

Located on busy US Rt 6 near All major shopping


Asking Price: Annual Revenue:
$675,000 $1,750,000

Services: Home Improvement, Repair, Painting


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RE: Very Successful and Established Flooring Dealer Broker: Bill Fehringer
Owner Financing is Available!
Owner financing may be considered.

Quick Facts

Asking Price: $675,000
Annual Revenue: $1,750,000
Net Profit: $265,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 30+
Employees: 4
BBN Listing #: 722758421
Broker Reference #: Not Disclosed

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Business Overview:

This Business is located on the Main commercial corridor thru Wayne and Pike Co.'s in the Northern Pocono Mountains. Features a modern well designed Showroom and efficient Warehouse. This Business is a mainstay in the region. The present Owners have spent the last 30+ years cultivating long lasting relationships with the Residents, 2nd Home Owners, GC's, Builders, Resorts, Schools, Government Agencies, Hospitals, Restaurants and the Community. This Business not only offers the opportunity for a great income, living in this part of the Country offers a lifestyle many can only envy. Prospective owners can look forward to Living where others vacation. The cost of living is very reasonable and there are many activities such as boating, fishing, hiking, golf, skiing etc. nearby. The Local Schools are excellent. NYC and Phil. are just a few hours drive.
The Owners are also the Landlords. The property has 5 retail storefronts totaling 16,000 sq ft on just under 4 acres. The owners will consider selling the Real Estate as well. It generates $190k yr. Asking $2 million.

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Property Features and Assets:

This Business is located in a 16,000 sq ft Shopping Center. It occupies 8600 sq ft +/-. 4,300 sq ft Showroom and Offices. Features Upgraded lowE Floresent Lighting, Economical gas heat and efficient A/C. The Warehouse is also 4,300 sq ft with new lowE Floresent lighting, gas heat and 2 12' garage bay doors. There is plenty of parking.

Market Competition and Expansion:

This Business has survived and overcome many challenges both economic as well as competitive over the last 30 years. It survived the 9/11 tragedy and the 2008 recession, tightening of credit and the volatile nature of the housing market. While some of my competitors closed shop or moved on.. We purchased a new Building. Most of this Business's success is attributed to a diverse customer base and the reputation is has earned over the years. There is the potential for growth

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • 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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