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North Florida Floor Covering Store Celebrating 46 Years For Sale

Jacksonville, Florida, US
Asking Price:
$479,000 (USD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (USD)
Cash Flow:
$100K - $250K (USD)

We're Considered An Essential Business And Have Remained Open. It's 2021 And It's Time to Make Your Financial Dreams Come True! If you don't build your own dream, someone else will hire you to help build theirs. After 46 years, it's time to turn my dream over to a new dreamer. With our Economy Recovering and more and more people remodeling their homes, now may actually be the best time to make owning your own business a reality. The business was established in 1975 and has an excellent reputation in the community and online. Most floor covering stores are privately owned and operated so this business model is perfect for a couple or for the whole family. Read our reviews on Facebook, Google and Houzz. We sell & install carpeting, luxury vinyl plank & tile, ceramic & porcelain tile, engineered wood, shutters and window coverings. All of the installation work is done by subcontract crews that are only paid when they are working. You do the selling and they do the installation.

Store Hours: 10 AM till 5 PM Monday thru Friday and 10 AM till 3 PM on Saturday and closed on Sundays.

Florida has no state income tax and no snow to deal with. Jacksonville offers fresh and saltwater fishing, miles of beautiful beaches for surfing and swimming, hunting and the best health care providers in the country. Historic St. Augustine is only an hour away and here are 20 things to do there in 2020.
https://travelgressing.com/20-top-things-to-do-in-st-augustine-florida-in-2020/

Further information is available by contacting the seller to request their phone number to discuss the business. If you feel that it is a good match for you, the signing of a non disclosure agreement will be needed before financial information can be released.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Lease

Leasehold Rent:

$69,600 (USD) per annum

Lease Rent:
$16 (USD) per sq ft per annum
Location:

The Showroom is located on a busy highway with a daily traffic count of over 31,000 vehicles.

Premises Details:

The 4,400 sf. building is a modern looking free standing building located just a few feet from the busy highway.

Business Operation

Expansion Potential:

There are plans to build 5,000 new homes within 10 miles of our store. There's nearly a million people in North East Florida and another 1,000 a day moving to Florida. You can use our extensive list of clients to reach out by direct mail or email. Because of our positive internet reviews, we also get business from people that are moving into the area and are looking for a company they can trust. When a home is purchased that hasn't been updated, the new owner will want new flooring that reflects their personal taste and style. With the hot real estate market, the volume of business should continue to grow for the new owner.

Competition / Market:

The closet competition is 6 miles away and they are a lower end roll stocking dealer.

Reasons for selling:

Retiring after 50 years in floor covering.

Trading hours:

10 AM til 5 PM Monday through Friday and 10 AM til 3 PM on Saturday

Employees:
3
Years established:
46

Other Information

Support & training:

4 weeks of training will be provided in all aspects of the business. Additional training will be available.

Financing available:

Get Pre-Qualified for $350k to $5 Million. The SBA 7(a) lending program can be used to buy an existing business for as little as 10% down. A properly structured SBA loan will also include working capital for growth, inventory, equipment, debt refinance and the commercial real estate.

Furniture / Fixtures value:
$20,000 (USD) - included in the asking price
Inventory / Stock value:
$2,500 (USD)
Website:
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Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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