500K Profits Priced 999K Carpet/Home Product Sales/Installation.
Wholesale and Distribution - Wholesale and Distributors | Building and Const. Services - Other Services

| Asking Price: | $999,000 | Inventory: | $300,000 ** |
| Gross Revenue: | $2,850,000 | Real Estate: | n/a |
| Cash Flow: | $476,000 | FF&E: | $110,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This Well-Known Full Service Carpet, Vinyl, And Molding Cash And Carry Business Has Been Established Since 1985 And Does Both Sales And Installation. Priced At 999,000 With Adjusted Earnings Ranging For 476,000 - 640,000 Over The Last Couple Of Years This Is An Exceptional Opportunity! The Company Has A Strong Customer Base And Reputation Given It Has Been Servicing The Same Customer Base Since 1985. The Current Owner Oversees The Business But On A Part-Time Basis And This Is Ideal For A Full Time Owner With The Current Operations Being Turn-Key.
The Owner Has Made Substantial Improvements And Has Remodeled Their Facilities Over The Last Six Months, Moving Into One Location (The Company Was Located In Two Non –adjacent Buildings Previously) By Leasing The Building Adjacent To The Current Long-Term Location. The Owner Investment Into Remodeling And Upgrading The Current Warehouse/Office/Showrooms Is Paying Off And Having All The Company’s Products Showcased And Merchandised In One Location Can Only Help Improve Sales And Save 11K A Month In Rent.
Over The Last Three Years The Company Has Averaged Betwwen 2,750,000 To 2,850,00o In Sales With Adjusted Earnings Of Between 480,000 - 600,000 +. The Majority Of The Company’s Sales 80% Plus Is Carpet Sales Which Are Broken Down In To Multiple Categories: 1.) High-Margin Installation And Product Sales To Real Estate Management Companies, Homeowners And Apartment Owners, 2) Wholesale To Established Commercial And Residential Contractors 3) Cash And Carry Customers Many Of Which Have Known The Company And Are Repeat Customers. The Owner Has Diversified The Company Over The Last Several Years To Include Kitchen And Vanity Sinks, Kitchen Cabinets, Wood Molding And Other Household Fixtures, Which Is A Clear Growth Area For The Company. The Molding Business Has Increased Over The Last Two Years In Particular.
Growth Opportunities: The Company Historically Did School And Government/Commercial Work And Had Sales In The High 7 Figure Range. The Company Had A Dedicated Outbound Sales Force, Which Drove The Sales Of The Company But The Owner Scaled This Back Due To Several Factors, Not The Least Of Which Deciding Not To Work In The Company Full Time. The Current Sales People Are Long-Term Employees That Are In The Office Taking Orders That Come Into The Company.
The Owner Has Made Substantial Improvements And Has Remodeled Their Facilities Over The Last Six Months, Moving Into One Location (The Company Was Located In Two Non –adjacent Buildings Previously) By Leasing The Building Adjacent To The Current Long-Term Location. The Owner Investment Into Remodeling And Upgrading The Current Warehouse/Office/Showrooms Is Paying Off And Having All The Company’s Products Showcased And Merchandised In One Location Can Only Help Improve Sales And Save 11K A Month In Rent.
Over The Last Three Years The Company Has Averaged Betwwen 2,750,000 To 2,850,00o In Sales With Adjusted Earnings Of Between 480,000 - 600,000 +. The Majority Of The Company’s Sales 80% Plus Is Carpet Sales Which Are Broken Down In To Multiple Categories: 1.) High-Margin Installation And Product Sales To Real Estate Management Companies, Homeowners And Apartment Owners, 2) Wholesale To Established Commercial And Residential Contractors 3) Cash And Carry Customers Many Of Which Have Known The Company And Are Repeat Customers. The Owner Has Diversified The Company Over The Last Several Years To Include Kitchen And Vanity Sinks, Kitchen Cabinets, Wood Molding And Other Household Fixtures, Which Is A Clear Growth Area For The Company. The Molding Business Has Increased Over The Last Two Years In Particular.
Growth Opportunities: The Company Historically Did School And Government/Commercial Work And Had Sales In The High 7 Figure Range. The Company Had A Dedicated Outbound Sales Force, Which Drove The Sales Of The Company But The Owner Scaled This Back Due To Several Factors, Not The Least Of Which Deciding Not To Work In The Company Full Time. The Current Sales People Are Long-Term Employees That Are In The Office Taking Orders That Come Into The Company.
About the Business
Year Established:1985
Employees:5 full time -
Facilities:The Owner has made substantial improvements into the facilities over the last six months, moving into one location (the company was located in two non –adjacent buildings previously) by leasing the building adjacent to the current long-term location. The Owner has invested into remodeling and upgrading the current warehouse/office/showrooms which he believes will improve the sales of both walk-ins and existing customers given the cleaner and more efficient/upgraded look and feel and layout of the warehouse and showroom.
Market Outlook and Competition:Possible Big Box retailer opening up which will drive traffic and increase sales dramatically for this company - pure upside.
About the Sale
Reason For Selling:Retiring
Seller Financing:Yes, seller financing is available
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