Upscale Rug Business In Collin County For Sale

Business description

This business has been open for 12 years in the same location. This business imports upscale rugs from countries around the world. They have an excellent product, great reputation, and loyal clientele. Owner pays his son $4,000 per month, so the new owner could combine the owner’s salary and owner’s son salary and net $147,000 per year.

Property information

Real Estate:

Lease

Location:

There are many other retail businesses surrounding this business, ample parking spaces, ~2,800 square feet, 1.5 years left on the lease. New lease can be negotiated.

Business Operation

Expansion potential:

There is a tremendous opportunity for growth and expanding by opening stores across the DFW metroplex.

Competition / Market:

As with any retail business there is competition, but there is limited competition in this industry.

Reasons for selling:

Owner is 61 years old and is retiring.

Employees:

2+Owner

Years established:

2000

Other information

Support & training:

Owner is willing to train for up to 3 months so new owner is acclimated to business.

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$400,000