A known name for almost five decades — a Long Island flooring business netting $300,000 on $900,000 in revenue at just $3,000 a month rent, all in, asking $449,999. Fifty years in business have built a brand that transfers with the sale, a steady referral base, and a seller willing to stay through a long transition if needed. The business sells and installs carpet, custom area rugs, custom stair runners, custom shades and blinds, and all types of vinyl flooring for homes and businesses across Long Island from a showroom in the Garden City area — one of Nassau County's wealthiest markets, high-value homeowners who redo their floors — open Monday through Saturday.
The buyer takes a 1,000 sq ft showroom with an over-2,000 sq ft basement; the adjoining 1,200 sq ft store is the buyer's call — keep it sublet to a tenant who covers the other half of the rent, or take it back and expand. Included: a low-mileage company truck, a telephone number in service for 30 years, a conveyor connecting the store to the warehouse, shelving that stores thousands of yards of carpet, custom dollies, and carpet-cleaning machines. The lease will be renewed.
The upside is already on the premises: turn on carpet cleaning (machines included, service not sold today), add hard-surface flooring — wood and tile aren't currently offered — and, if the buyer wants the room, take back the adjoining 1,200 sq ft for the whole building.
