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Listing Details

Profitable 28-Year-Old Flooring Business


File #221014

  • Region: Seacoast
  • Price: $199,000
  • Income: $576,536
  • SDE: $48,094
  • FF&E: $20,000
  • Listing#: 221014

This is a turnkey full-service flooring business with 22% to 24% profit margins and consistent sales over $500,000 even with the recent Covid-19 effect on all our lives. Sales for 2021 are on track to come in at $660,000 plus, with multiple orders that will be available to a new owner. The business is suitable for an independent individual entrepreneur who wants to control his or her business life, partnership, couple or other flooring store owner looking to increase their market share.

Sales come from a mix of residential and commercial customers and consists of all flooring types. Most of the sales involve material purchase and product installation. Installations are provided by a group of subcontractors that have long term relationships with the business.

The business relies on word-of-mouth referrals. A formal marketing plan is not part of the present business model and is an opportunity for a new owner to grow the business.

The business is located on a well-traveled state roadway with high traffic counts and good visibility. The showroom is open five days per week.

The business with an in-place lease, high traffic location with customer display area, storage racks and loading dock, $20,000 worth of furniture, fixtures and equipment, sundry inventory and supplies, good will, non-compete agreement, extensive training, if needed, during the transition to a new ownership, introduction to suppliers and vendors and installation sub-contractors are available at an offering price of $199,000.

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