Successful Flooring Sales and Installation Co with great potential
| Asking Price: | $220,000 | Inventory: | $32,504 ++ |
| Gross Revenue: | $190,000 | Real Estate: | n/a |
| Cash Flow: | $90,510 | FF&E: | $21,048 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This company is a long established and very successful floor covering business that operates in Central Maine. They have built a stellar reputation over the years based on honesty, quality, and customer service. This reputation has served them well and proves what can happen when care enough to stand behind your company, your products and your installations. In this very difficult economy, hit especially hard in the construction and housing sectors where they operate, the business represented here has managed to stay solid and strong with very minimal effect to sales or profitability seen by the tough economy. With that as the solid foundation underneath this business, a new owner has the potential to grow significantly. The current owner has chosen to keep the business at its current level but a new owner with new energy and ideas can take the business in many different directions and realize nice steady growth and an ever increasing return on their investment.
About the Business
Year Established:1978
Employees:2 full time - 2 part time
Facilities:The business operates out of a high visibility location with solid traffic and exposure with ample parking. The Retail location features a very comfortable atmosphere for shoppers and is co-located with the warehouse, making it very convenient. There are samples and displays of many of the options available to the customers - everything from displays of woods, carpets, tiles, etc.
Market Outlook and Competition:Locally there are a few primary competitors but this business has the edge; a more complete showroom, better reputation, and better service. New owners of this business could definitely steal some of the market share from others by capitalizing on their strong reputation as the specialist in the market. There is competition from the Big Box retailers - Lowes, Home Depot, etc but these businesses can't provide the personal assistance this client does, and that’s what people are looking for today. They continually see repeat business which speaks volumes
New owners could increase the advertising to grow sales, add a robust website for clients to use, expand into more commercial work, add an additional crew or sub-contractors while also carrying a greater inventory which allows for some more competitive pricing. They could expand their service offerings to include carpet cleaners rentals, wood refinishing services (the business already owns a refinisher), expand the showroom and target particular markets, like Condominiums at local ski resorts. The possibilities for growth and expansion are limitless.
About the Sale
Management Training and Support:The seller is absolutely willing to provide a reasonable training to the buyer.
Reason For Selling:The current owners are simply ready for a change.
Seller Financing:The Seller is willing to be flexible for the right situation, right buyer, and right price.
KEYWORDS: Flooring, floor covering, carpet, carpets, carpeting, tile, hardwood, linoleum, kitchens, building, new homes, installation
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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