Flooring Store

Asking Price$2,900,000

Cash Flow
Not Disclosed

EBITDA

Gross Revenue$1,800,000

Inventory$100,000
Included in asking price
FF&E$35,000
Included in asking price
Real Estate$1,495,000
Included in asking price
Residential home on property
Residential home on property
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Flooring Store


Asking Price$2,900,000

Cash Flow
Not Disclosed

EBITDA

Gross Revenue$1,800,000

Inventory$100,000
Included in asking price
FF&E$35,000
Included in asking price
Real Estate$1,495,000
Included in asking price

Seller Financing Available
Business Description
Well-established flooring store for sale with real estate included, offering a turnkey opportunity in the flooring and home improvement industry. This business specializes in high quality flooring products including carpet, hardwood, laminate, vinyl plank, and related materials. The business was established in 2018 and moved to its current location in 2021 taking over the previous flooring store that had occupied the space for 30 years. With over 160 5-Star Google reviews and a 35+ year brick and mortar presence, this company has a well established reputation in the community. Our showroom is bright and open and carries hundreds of samples for customers to choose from. We have established ourselves as a market leader, stocking over 50 SKU's of carpet. This allows us to be extremely competitive on price, install quickly, and sell cash and carry to contractors.

Operations are streamlined with vendor relationships, reliable installers, and proven sales staff. We have a high referral rate and many repeat customers. This business is ideal for an owner operator looking to step into an existing operation or and investor looking to scale.

The business can be bought separately and the property leased back but owner would prefer to sell it as a package. Owner currently works part time and is willing to provide 30 days training and an additional 6 months consulting.
About the Business
Years in Operation
8
Employees
6 (3 Full-time, 1 Part-time, 2 Contractors)
2 full time sales associates, 1 part time weekend sales associate, 1 warehouse,
Facilities & Assets
Great frontage on major road and has had a flooring store in the location for over 30 years now. Total showroom and warehouse is 5625sf with a house on the property that is approximately 1840sf. Property is just under an acre with room for expansion. Included in the sale is a carpet cutting machine, forklift, warehouse racks, desks, displays, and inventory. Home was renovated in 2022. Property also has a billboard onsite that is leased to Outfront Media that generates $500 in monthly rent.
Website
https://www.texasdirectcarpet.com
Market Outlook / Competition
The business has done exceptionally in the current economic conditions and is expected to grow in the coming years as market conditions improve. We are much more competitive in the market due to us being a stocking store. Stocking inventory in bulk allows us better pricing, fast and efficient installations, and the ability to make money on cash and carry contractor sales. By positioning ourselves as not only a retail b to c store but also a b to b store we have been able to add significant revenue over our competitors.
Opportunities for Growth
We have primarily focused on the residential market and not put any emphasis on commercial sales and installations. Adding a dedicated commercial sales rep would significantly increase revenue. Additionally, adding an outside sales position targeting contractors cash and carry accounts would also increase revenue. Opening satellite stores in other areas around Houston to increase foot traffic may also provide more revenue.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
7,465
About the Sale
Seller Motivation
Relocating
Transition Support
Seller willing to help train for 30 days as needed in office and consult for 6 months with occasional office visits. Transitioning the business should be easily done as the sales team handles a lot of the day to day tasks and owner works a couple of days a week.
Financing Options
Seller willing to finance 10% of sales price
Listing Info
ID
2454632
Listing Views
23
Business Location

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Business Listed by: Kenny Smith

Listing ID: 2454632 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. See our full Terms of Use. Learn how to avoid scams.


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