Flooring And Paint Retailer In Maine For Sale

Business description

An outstanding facility, impeccable customer service, repeat customers and steady sales growth are hallmarks of this home improvement center. It is the “go to” location for flooring, paint, lighting and window treatments in its market area. The well-designed showroom has the latest products and the company is known for its service, quality and product knowledge. Custom installation is provided by sub-contractors and tips provided for do-it-yourself customers. Pent-up demand for home improvements as the economy improves makes this an ideal acquisition time for an individual or corporate entity wanting to enter this market.

Property information

Real Estate:

Real Property Included

Lease terms:

NNN. A lease will be written for the buyer, unless the real estate is also acquired.

Leasehold rent:

$70,000 per annum

Location:

The store’s location has high traffic volume, high visibility, easy access and ample parking.

Premises details:

The building was specifically designed to allow for superior retail displays, ample warehouse and office space, and future expansion. The real estate is available for lease or acquisition.

Business Operation

Expansion potential:

This business has significant growth potential. There are marketing strategies that the current owner has not yet used that a new owner can easily implement. The facility has more than enough room to handle continued expansion.

Competition / Market:

The business has an excellent client base with a high degree of repeat customers. Customers range from residential home owners to commercial businesses. The business is known for its service, knowledge and quality products, which exceed many of its competitors’. This store’s sales have been trending steadily upward while its competitors have downsized or experienced difficulty.

Reasons for selling:

Retirement

Employees:

2 FT / 3 PT

Years established:

1972

Other information

Support & training:

Transition training will be provided as needed based on a new owner’s previous experience.

Financing available:

Anticipated Bank 150,000. Down 100,000. Inventory 35,000. Working Capital 40,000

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$35,000

Lease asking price:

$250,000 (Furniture / Fixtures included)