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- RE: Wholesale Supplier For The Flooring Industry
- Contact: Susan Tanko-Manogue
Quick Facts
| Asking Price: | $400,000 | |
| Annual Revenue: | $843,442 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $-69,213 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $75,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1987 | |
| Employees: | 6 | |
| BBN Listing #: | 229030481 | |
| Broker Reference #: | WCIC231079 |
Business Overview:
This business is centrally located for the convenience of its customers who are showing his product in their retail locations. Sales are currently (60%) carpet, pad, and (40%) vinyl plank. Seller was the top salesperson until he started suffering from burn out, the result which was reflected in the 2022 sales (1.945M vs 2.269M in sales for 2021). Rent also increased in the last few years and is near 140K a year. Seller is not renewing the lease therefore business must be moved to buyers location. Willing Seller is including in 225K of inventory, 75K in EQ and 90K of working capital in the form of AR, if desired. Seller will reduce to 310K if Buyer does not want the AR
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Property Features and Assets:
Building size 12,619 Square Feet; Monthly rent $12,000 NNN. Business must be relocated to buyer’s location. Lease is up at the end of Sept.
Reason for Selling:
Retiring
Additional Details:
- The property is Leased.
- 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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