Business Overview

Own this In-Demand NY Family Flooring Business – Includes Big Name Customers.

Busy, profitable family-owned floor covering retail sales and installation business. Comes with professional installation team and everything you need to make money starting day 1. Highly motivated sellers ready to retire and flexible on price.

Offering hardwood, ceramic tile, carpet, laminate, and waterproof flooring. New and repeat residential and commercial customers keep the business fully booked with no advertising. Comes fully staffed with talented installation teams, admin and more.

Business also comes with a STELLAR name and reputation. Well known in the industry for the personal attention given to each customer. The showroom comes fully equipped with all the top brand names like Tarkett, Mannington, Sommerset Hardwoods, Teragren Bamboo, Marazzi, American Olean, Interceramic, Earthern Treasures, Mohawk, Shaw, and Quickstep. This business is part of the largest buying group in the northeast with purchasing power of over a hundred stores!

Astonishing growth and expansion potential

Financial

  • Asking Price: $650,000
  • Cash Flow: $476,300
  • Gross Revenue: $845,118
  • EBITDA: N/A
  • FF&E: $75,000
  • Inventory: $30,000
  • Inventory Included: Yes
  • Established: 1993

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,100
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Storefront in strip mall at intersection of two busy state routes with high visibility. Remote warehouse for all receiving and inventory, fork lift, diesel box truck.

Is Support & Training Included:

90 days support and training for new owner.

Purpose For Selling:

Retirement

Pros and Cons:

Prime location and loyal customer base. Most competitors in the area have gone out of business, so demand continues to grow.

Opportunities and Growth:

Many ready opportunities for growth and expansion, including: -- Expand web site and open online store. -- Advertise -- Expand product line (more hardwood)

Additional Info

The venture was started in 1993, making the business 29 years old.
The deal shall include inventory valued at $30,000, which is included in the suggested price.

The company has 3 employees and is situated in a building with estimated square footage of 1,100 sq ft.
The building is leased by the company for $2,250 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell operating businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 entirely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a range of other reasons. This is why it is really essential that you not count totally on a vendor's word, but instead, utilize the vendor's answer in conjunction with your total due diligence. This will repaint an extra sensible image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans with the purpose of covering things like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that earnings margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be met or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in new consumers? Many times, businesses have repeat clients, which form the core of their everyday profits. Particular factors such as brand-new competition sprouting up around the area, road building and construction, and also staff turn over can affect repeat consumers and also negatively impact future revenues. One vital point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to develop a returning client base. A final thought is the general location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? How might the regional median house income impact future earnings potential?