Floor Covering Business With Property For Sale

Business description

This top notch floor covering business is located in Central Illinois. They have an outstanding reputation in the community. They sell Columbia, Dura Ceramic, Marazzi, Millikin, Philladelphia, Bruce, Mohawk, Shaw, Armstrong, Congoleum, Luxury 500, Nafco, and many more. They have been in business for over 30 years. There are currently nine employees plus the owner. All floor covering employees are paid by the hour. The employees are not union. There is also a 2005 and a 2007 van included in the sale which is valued at about $18,000. The forklift, saws, stretchers, fixtures, etc. are valued at about $18,000. All of the on-hand inventory of carpet, ceramic, linoleum, etc. is vales at about $30,000. 2009 tax return sales were $825,000. 2010 tax return sales were $788,000. The owner's benefit for 2010 was $110,000. This is a money making business. Owners just want to retire. The owner's will finance and train a buyer with $150,000 cash down. This is the only floor covering store in Illinois you will find for sale. The owner does not cold call for new business. Sales can increase a ton if a new owner would go out to build the business. Contact Jeff Highfill today until 10 PM.

Down Payment: $350,000

Sellers Discretionary Earnings: $788,000

Property information

Real Estate:

Real Property Included

Business Operation

Employees:

Full Time: 0