Iconic Floor Covering Retailer

Asking Price$300,000

Cash Flow
$153,141

EBITDA$92,903

Gross Revenue$1,533,693

Inventory$150,000
Included in asking price
FF&E$100,000
Included in asking price
Real Estate$1,500,000
Not included in asking price
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Iconic Floor Covering Retailer


Asking Price$300,000

Cash Flow
$153,141

EBITDA$92,903

Gross Revenue$1,533,693

Inventory$150,000
Included in asking price
FF&E$100,000
Included in asking price
Real Estate$1,500,000
Not included in asking price
Business Description
This iconic full-service flooring retailer was founded over 50 years ago has established a solid brand reputation for providing exceptional customer service and value to a generation of clients. The company has provided sales and expert installation of a diverse selection of products that includes hardwood, luxury vinyl, laminate, tile and carpet for both residential and commercial clients. In addition to flooring solutions, they also provide expert installation, free estimates and design services. The business is located in a 12,588 square foot building that features pylon signage and includes both showroom and warehouse space. The warehouse space features a large overhead door and concrete floors. The highly visible building features over 100 feet of frontage on a heavily trafficked street and sits on over 2 acres of land with plenty of room for expansion. The business is located in the northeast quadrant of the city surrounded by established family-friendly suburban neighborhoods with tree lined streets. Within a 5 mile radius there is an estimated population of 158,883 residents and 64,456 households. The business is located about one block from a grocery anchored lifestyle center that includes 50 stores. In addition, there a hundreds of businesses including local, regional and national retailers located within a 5 mile radius.
About the Business
Years in Operation
41
Employees
5
Facilities & Assets
The 12,588 sqft building includes a large retail showroom and huge warehouse space. The showroom area includes many displays that showcase the wide selection of products that includes carpet, ceramic, porcelain, laminate, hardwood, luxury vinyl tile/plank (LVT/LVP), luxury sheet vinyl and area rugs. The warehouse area includes a large overhead door and concrete floors. The real estate consists of the building and 2.28 acres of land that includes an adjacent parcel of land and the real estate is available for purchase at additional cost of $1,500,000.
Market Outlook / Competition
The location of the business has contributed to its success with an estimated 158,883 population and 64,456 households estimated to be within a 5 mile radius of the store. The business has competed with other retailers and big box stores by providing personal service by experienced staff and in-house installers that guide the process from selection to installation of their high quality products. Pent up demand from both home construction and the remodel & rehab markets suggest a strong rebound for the flooring industry in 2025.
Opportunities for Growth
The business offers a strategic buyer significant scalability and a financial buyer an established turnkey business with cash flow. The business would benefit from the implementation of technology including visualization software and flooring-specific management software. The business needs to add business development specialist focused on growing the commercial sector. The business could also consider expanding profit drivers to include complementary brand extensions such as window treatments, cabinets, countertops, paint or wall coverings.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
12,588
About the Sale
Seller Motivation
Retirement
Transition Support
The Seller is willing to assist the Buyer with the transition of the business to new ownership.
Listing Info
ID
2338087
Listing Views
383

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Business Listed by: Robert Doyle Sturges Property Group

Listing ID: 2338087 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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