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 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 the last few years and is near 140K a year. This business could be much more profitable if moved to a location with less rent and with a motivated salesperson in place. Willing Seller is including in $200,000 of inventory, $75,000 in EQ and $50,000 of working capital in the form of AR.
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Property Features and Assets:
Building size 12,619 Square Feet; Monthly rent $12,000 NNN.
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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