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All-in-one Flooring With 2 Locations! (37866) For Sale

N/A., South Carolina, US
Asking Price:
$1,800,000 Furniture / Fixtures included
Sales Revenue:
$5,385,560
Cash Flow:
$254,364

This business provides a wide range of flooring products, quality installations, and specialized maintenance services to Commercial (20%) & Residential (80%) customers within South Carolina. With a comparison tool and room visualizer available on their website, the company retails materials such as ceramic tile, carpet padding, stair runners, luxury vinyl, laminates, and custom rugs. They also carry cleaning and care supplies such as sprays, powders and polishes. Services include insurance work, hardwood refinishing, interior designing, and restorations! As a payable and liability free business at the time of sale, Revenues for 2022 reached $5,385,560 alongside Discretionary Earnings of $254,364 and EBITDAs of $171,789. Sales Projections are up to $5.8 Million for 2023! A pairing of facilities measure 20,000 square feet each, both including office space and impressive showrooms and expansive warehouse areas, with one building holding a monthly tenancy of $4,000. Available for additional purchase separate of asking price, the other property is found in excellent condition with capabilities for expansions or optimizations that maximize production. Experienced personnel of sixteen nonunion employees are most likely to stay post-purchase and continue owner-involved operations after a smooth transition cycle up to twelve months. The company enjoys both customer loyalty and flexibility that help command their industry. Besides an active website, social media activity, and referrals from a large repeating clientele, marketing efforts include local newspaper ads, signages, road frontage, some apparel and promotions on a popular radio station. Franchise supported, there is a co-op fee. The company carries over three decades of high online ratings and ongoing reputations as a family-owned venture with potentials in taking sales to the next level via partnerships.

Property Information

Real Estate:

Lease

Lease Terms:

Other facility of 20,000+/- square feet holds a monthly tenancy of $4,000.

Location:

Property marketed for $1,000,000 can be purchased additionally.

Premises Details:

Inventory of $590K is not included and can be bought separately.

Size in square feet:
20,000+/-

Business Operation

Competition / Market:

Listing also includes current Intangibles valued at $241,306.

Reasons for selling:

Time for new ventures.

Trading hours:

Monday to Friday 9AM - 5PM and Saturdays from 10AM to 2PM..

Employees:
16 nonunion.
Years established:
1988

Other Information

Support & training:

Continued involved operations after a smooth Owner Transition cycle up to 12 months.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable up to 20% for the right buyer.

Furniture / Fixtures value:
$939,326 - included in the asking price
Inventory / Stock value:
$590,000