Profitable carpet, floor covering supply & installation
Asking: $ 645,000
Annual gross revenue: $ 4,500,000
Annual net cash flow: $ 278,000
Furniture, fixtures & equipment: $ 294,000 (included in price)
Inventory: $ 140,000 (included in price)
A well respected, long established floor covering supply and installation business generating over $4.5 million in annual sales revenue and producing more than $275k in consistent net cash flow for its owner operator is now available. This business specializes in high quality carpeting and flooring products for its clientele in the very high growth new home construction and home remodeling market industries. This company is located in an area that's now booming in these market sectors with high growth being projected per annum for the next 10 to 15 years. The growth potential for this business is exceptional.
Location: central california
Facilities: the business operates out of two (2) facilities located within a few miles from each other. These facilities support two (2) showroom floors, employee offices and provide warehousing for all of this company's inventory. The seller owns both buildings and is willing to sell the real estate to the business purchaser at market value or will lease the facilities to the new owner at the prevailing market rate.
Competition: the primary competition comes from home depot and lowes. There is also some competition from online vendors of floor covering materials. However, this company's exceptional reputation for having employees with expert knowledge of flooring products and applications positions this company with an advantage over its competitors. The company is price competitive because it is a member of an international co-op giving it access to very favorable product pricing.
Expansion: the company is considering adding cabinets, as well as closet systems, window treatments and granite product lines to its well established flooring product line.
these new product lines would be an ideal expansion opportunity for a new business owner.
Reason to sell: the seller has expressed a strong commitment to the business and its future and desires to remain with the company but wants to give up the 'day-to-day' responsibility for running the business and spend more time focusing on sales and customer service where the seller's true passion and expertise lies.
Employees: the company currently has nine (9) employees (2 are part-time) not including the seller. Seller anticipates that all employees will remain with the new owner.