A Passaic County online and wholesale distributor of rugs and carpets has become available. The wholesale distributor sells to furniture, carpet, discount, variety and 99 cent stores domestically with newly added sales to the Caribbean markets. The online products are sold to big name e-commerce stores in Canada and the U.S. Products include area rugs of all sizes, welcome mats, kitchen mats, door mats, stair mats, runners, prayer rugs and more. Sizes are as varied as the product line. The inventory is housed in two nine-thousand sq. foot warehouses in North Jersey, one for wholesale and the other for online products. There are numerous ways to increase sales and profits starting with the consolidation of the two warehouses into one particularly since the products of the online sales are all carried in the wholesale warehouse. Second, a mini showroom for cash and carry orders can spaced out at the one warehouse for orders by appointment and a brochure for the online sales developed. Third, the Caribbean and Canadian markets each has substantial growth potential of its own. Finally, due to its entry into major accounts, vinyl flooring products can be added to the mix. The owner seeks to retire.
- Asking Price:
- $400,000
- Sales Revenue:
- $1,400,000
- Cash Flow:
- $200,000
Business Operation
- Reasons for selling:
-
Retirement
- Employees:
- 5 FT/2 PT
- Years established:
- 18
Other Information
- Support & training:
-
Seller will train
- Furniture / Fixtures value:
- $20,000
- Inventory / Stock value:
- $600,000
