Entrenched as the premier local flooring company in one of New England’s most desirable markets, this well-established business offers a full complement of residential and commercial flooring solutions, including carpet, hardwood, tile, and vinyl. The business is turnkey, with a built-out showroom, curated inventory, and an experienced staff in a prime, heavily-trafficked location.
- Real Property Price:
- $3,700,000 Furniture / Fixtures included
- Lease Price:
- $1,650,000 Furniture / Fixtures included
- Sales Revenue:
- $4,200,000
- Cash Flow:
- $750,000
Property Information
- Real Estate:
-
Available as lease or with real property included
- Premises Details:
-
Seller will transfer the entire inventory at close, included in the purchase price as working capital. The inventory will have a minimum value of $400,000. The seller owns the real estate out of which the company currently operates. The real estate is available for sale or lease. The property contains both the showroom and the warehouse used to operate the business. Additional assets included in the price are a well-maintained fleet of vans and equipment.
- Size in square feet:
- 16,000
Business Operation
- Expansion Potential:
-
Additional geographic market opportunities exist to both grow or expand. It has a strong position within one hour of its primary market. Expansion opportunities within geographic proximity to the company’s existing footprint include neighboring states, potentially supported by satellite location(s). The existing location has warehouse space that may be suitable for centralized distribution for a larger network of locations.
- Competition / Market:
-
The company has performed profitably in all years of operation due to its ability to control both the product sale and the installation of a project across a variety of customer profiles, including institutional clientele. Competition is mostly limited to national chain brands lacking the value of a local reputation, or niche flooring companies offering only wood flooring products to a subset of the addressable market.
- Reasons for selling:
-
Retirement
- Employees:
- 12 FT
- Years established:
- 2010
Other Information
- Support & training:
-
Seller will provide transition training for a new owner.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Anticipated Seller & Bank Financing TBD. Down Payment TBD. Working Capital Needed $250,000
- Furniture / Fixtures value:
- $350,000 - included in the asking price
- Inventory / Stock value:
- $400,000
- Lease asking price:
- $1,650,000 - Furniture / Fixtures included
