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Address: 121 King St, Dameitta, Egypt
Phone: +25-506-345-72
Email: [email protected]

Retail Flooring Company

Retail Flooring Company

Oakland County

Listing#: C2648

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Description

This is your opportunity as an owner/operator to acquire this well-known, profitable flooring business in Oakland County, MI. The company sells and installs carpet, luxury vinyl plank, tile and wood flooring. Sales are steady year round and revenues have grown over recent years. Profits have accelerated in 2021 due to the hot trend in luxury vinyl plank flooring. 75-80% customers are residential referrals or return customers. The company is successful because it provides high quality workmanship at warehouse discounted prices, honest pricing, and a wide range of in-stock quality products. The showroom is 9,000 sq. ft with a myriad of displays from many of the top brands such as: Shaw, Viking, Mohawk, and many others. The leased facility includes an on-site warehouse with offices and production space. The seller believes there is unlimited upside for luxury vinyl plank sales and this company has one of the largest selections available. Today there are thousands of flooring suppliers to source products from and more suppliers are coming to the USA. The seller keeps an abundance of product in stock. The competition is split between the big box stores and smaller independent retailers. The big box stores are cutting their flooring departments while the smaller retailers do not have as much to choose from, and the prices are usually higher. The company has a team of experienced staff including office manager, book keeper, stock clerk, and full time sales person. Installations are sub-contracted to a loyal, dedicated team that is meticulous at doing it right the first time. The business comes fully staffed, fully inventoried, plus the seller will train the new buyer. With a steady customer base, $2 million in annual sales, and $296,000 in earnings (SDE), the perfect time to seize this opportunity is now. Call us today!

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Business Overview

Revenue $1,980,000
Cash Flow $296,685
Inventory $75,000 +/- estimated
Year Established 1999
Seller Financing No
Employees 6FT 3PT
Asking Price $499,000
Key Statistics
  • Hours of Operation: Monday - Saturday: 9 AM - 5 PM

  • Employees: 6 Full Time 3 Part Time

  • Year Established: 1999

  • Year Acquired: 1999

  • Liscence Required: Sales Tax

  • Seats: N/A

  • Parking: Ample

Financial Information
  • Gross Sales: $1,980,000

  • Source: Tax Returns

  • Cash Flow: $296,685

  • Source: Tax Returns

  • Inventory Value: $75

Seller Financing
Not Available


Location
  • Monthly Rent: $4,300 - gross

  • Lease Terms: New 5 year lease (through 2026)

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Disclaimer

This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.