Charlotte Carpet and Flooring Retail Store

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Excellent Retail Opportunity; 90 year old history
Asking Price:
$350,000

Gross Revenue:
$1,398,771
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$200,000
included in asking price

FF&E:
$100,000
included in asking price

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Business Description

This retail mainstay in the Charlotte community has been in business for over 90 years, serving thousands of Charlotte area homeowners for their carpet and other floor covering needs. This business has been run by family members for over three generations and has always been focused on service and excellent installation, working with clients over decades. This stellar reputation that has been earned over 90 years is a tremendous foundation with which a new owner can build

• 90 year-old business with excellent brand name and satisfied customers
• Member of the largest national coop and largest floor covering buying group in North America
• Sellers of the Karastan brand, a protected high-end brand, which provides significant store traffic
• Store is turn key and ready for new owner with excellent displays/racking systems and store layout

About the Business

Year Established:
1926
Number of Employees:
3
Real Estate:
Leased
Facilities:
The business operates a 13,000 square foot, leased facility, where the company has had its retail presence for 30 years.
Market Outlook/
Competition:
• Local ownership, expertise and personal service
• Excellent installation crews which is well received by it clients
• Focused on customer service, a competitive advantage vs. the big box retailers
• Part of national co-op buying group, Carpet One
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Owner is willing to work out a mutually satisfactory transition plan for new owner.
Seller Financing:
For Qualified Buyers Only

Listing Info

ID:
1547368
Ad Detail Views:
160

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Business Listed by

Adam Petricoff

VR Business Brokers Charlotte

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U.S. Census Data for Mecklenburg County, NC
Age

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Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Mecklenburg County, NC
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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