RALEIGH, North Carolina
| Asking Price |
$230,000 |
Year Established |
2021 |
|
| Annual Revenue |
$605,000 |
Reason for Selling |
Career path change |
|
| Annual P/L |
$0 |
Attention |
Steve |
|
| Annual Cash Flow |
$124,000 |
Listing Number |
1003497 |
|
| # of Employees |
3 |
Business Category |
Services: Home Improvement, Repair, Painting |
|
Business Overview:
Established and successful Residential flooring products and installation services Franchise business for sale in the Cary / Raleigh, NC area. This business is North America's leading in-home designer floor coverings brand. Products include: carpeting, hardwood flooring, vinyl, laminate flooring and ceramic tile. Owner works with an on-staff design/sales rep and sets appointments with prospects in their homes. This eliminates the need for an expensive office as the design/sales rep travels to appointments in a wrapped mobile showroom van with samples of all of their flooring product lines. Once the sale is made - usually $7-$8k per sale, the owner contacts a team of local installers to schedule the install. Projected Gross Sales Revenue for 2026 is at $750k. There is also a small office/warehouse on lease to be used for receiving flooring materials prior to installation as well as the main Sales office.
Property Features and Assets:
<p><u>Assets include the mobile showroom Ford Transit van and all of the flooring supplies and flooring installation equipment in the office warehouse.</u> This office has a strong working relationship with multiple flooring products installation teams (hardwood, vinyl, laminate, carpet, tile and commercial flooring. Very good online reviews (4.8 Google Rating) and a strong business relationship with local contractors, realtors, handyman remodeling services, home improvement retailers and a local home builder. The Office Manager handles lead setting appointments, social media, bookkeeping and materials ordering. The District Sales Account Executive has experience in both flooring installation and sales. An electric forklift is included along with flooring samples for both the mobile showroom van and the office Studio Showroom.<br></p>
Market Competition and Expansion:
<p>Lots of growth potential in this market area to build this established business to $1.0 million in annual Gross Revenues. <strong>Gross Margins are also significant, typically running at 45-55%</strong>.</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity