Floor Coverings Galore In Piedmont Triad For Sale

Business description

For decades, catering to the retail homeowner and the wholesale builder / remodeler, this store has provided virtually every type and major brand of floor covering from vinyl and ceramic tiles to laminate and hardwood floors to carpets and rugs with ceiling tiles and counter tops as well. This wide range of vendors and suppliers is one of several differences that distinguishes this operation from other local options.

The current owner rode the housing bubble to 2006 and 2007 highs of over $1,000,000 revenues and $150,000 discretionary earnings. Gross Margins have been consistently above 40% even in the worst of times. Wholesale customers have produced very few account write-offs thus preserving their sales volume. Employees have been high performing and loyal with years still left to work

Property information

Real Estate:

Lease

Leasehold rent:

$30,000 per annum

Location:

Free-standing building offers a large, well lighted showroom beautifully merchandised with product displays as well as ample office space and an adequate inventory warehouse with loading dock. Location is on a well known and traveled major city street offering high visibility and abundant customer parking at the front door.

Size in square feet:

8,160

Business Operation

Expansion potential:

As a survivor of the recent recession, the business is well situated because of its long-term customer base and excellent business reputation with both customers and suppliers, to take advantage of the smaller number of competitors in this post-recession market. Additionally, a new owner could benefit from a stronger involvement in the business.

Competition / Market:

Both locally and nationally owned competitors have left the market due to the recent recession. Additionally, no competitor comes close to the years or service or the depth of product offered by this business. Pricing is seldom an issue as they are able to buy at maximum discount levels due to their long-term relationships and annual volumes.

Reasons for selling:

Owner wishes to pursue other business opportunities.

Trading hours:

M-F 8a-5p, Sat 9a-1p

Employees:

3

Years established:

62

Other information

Support & training:

Owner will provide up to 30 days of training / transistion support.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner may provide some financing for an approved buyer.

Furniture / Fixtures value:

$80,000 (included in the asking price)

Inventory / Stock value:

$70,000 (included in the asking price)