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Well-Established Flooring Retailer- Commercial & Residential, Northern CT For Sale

Tolland County, Connecticut, US
Asking Price:
$199,000 Furniture / Fixtures included
Sales Revenue:
$900,000
Cash Flow:
$85,000

This is a full-service floor and carpet business serving northern Connecticut for 30 years. It is an owner-run business with a steady stream of recurring commercial and residential clients. It is well established with an excellent reputation. The business has solid sales and good growth potential with low overhead. It has an excellent location that includes a showroom, offices and warehouse space. The owner handles sales doing the measuring, quoting, and scheduling. The business runs day to day with the owner and one office administrator.
The owner sees clients by appointment primarily but also has a very nice showroom for walk-ins and for clients to view a wider range of displays and materials. They offer all types of flooring from tile to vinyl to hardwood to various laminates as well as all types of carpeting and carpet tile. They can even install tile counters. The business has solid financials and consistent sales and income over time.

The seller is motivated and very reasonable with plans in place for an early retirement. This business has done well over the years and the owner is able to implement his retirement plans sooner than expected, he is looking for a quick sale. The seller will help to train a new owner after the sale to ensure a smooth transition.

Property Information

Real Estate:

Lease

Lease Terms:

Lease ends Dec 2024 but landlord will renew or buyer may relocate. .

Location:

professional office park with plenty of parking and easy access.

Premises Details:

Retail showroom with displays and samples, business offices, and warehouse/storage all in once location.

Size in square feet:
3,000

Business Operation

Expansion Potential:

good growth with marketing efforts and expanding contractor network.

Reasons for selling:

Retirement

Trading hours:

Mon to Fri 8 am to 4 pm

Employees:
1
Years established:
1991

Other Information

Support & training:

Seller will provide training and support but is looking for quick sale and early retirement by early 2025. Seler has done well and is motivated to retire, price is negotiable

Financing available:

bank finance possible but seller looking for quick sale and will negotiate. He is very reasonable and fortunate to be able to retire a little early.

Furniture / Fixtures value:
$20,000 - included in the asking price
Relocatable:
This business can be relocated.