MergerPlace

Premier Floor Covering Store

Florida (Pinellas)


  • Asking Price: $399,000
  • Gross Income: $1,492,152
  • Cash Flow: $212,078
  • Real Estate: Not Disclosed
  • Inventory: $33,000
  • FF&E: $108,757
  • Listing ID: #213935
  • Established: 2001
  • Employees: 3 FT / 1 PT

Business Description

This flooring store provides the complete customer experience. A wide selection of flooring; hardwoods, tile & stone, vinyl tile & plank, and carpet. The knowledgeable staff assist with selection. The installation is handled by trained experts. Financing is available. The company is part of a national association that provides vast access to flooring materials at favorable pricing. The association also offers benefits such as; training, product information and networking with other flooring store owners across the nation.


Business Details

Primary Business Category: Retail Trade - Furniture & Home Furnishings
Location: Florida
County: Pinellas

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT / 1 PT

Financial Information

Asking Price: $399,000
Gross Revenue: $1,492,152
Cash Flow: $212,078
FF&E: $108,757
Inventory: $33,000
Seller Financing Available: Yes

Property Information

Facilities:

Located on a prime busy street with high traffic counts. The small strip center has been updated and has a clean, professional appearance. The real estate has the same owner as the business and is available separately. Displays are carefully laid out to give a comfortable customer experience. Samples are current and representative.

Growth & expansion opportunities:

The affiliation with a national buying association provides access to virtually all vendors, including private labels. And at favorable costs. It also provides; training for the owner and staff, advertising opportunities and consumer financing. This provides an independent store the buying power and resources of a national association.

Competition:

Flooring is not easily ordered on the internet. Shipping is expensive, and it requires installation. There are several other flooring stores within a 5 mile radius of this location, including Home Depot and Lowes. To be competitive, this store offers; an unmatched selection of flooring, staff are trained flooring experts and professional installation. Also, a variety of financing options are available.

Reason for selling:

Family Medical Issues. 3 Partners work in the business, a husband, wife and partner. A partner has a family member with medical issues.

Support & Training:

Will train for 4 weeks @ no cost A complete selection of flooring materials are offered; tile & stone, hardwood & laminate, vinyl tile & plank, waterproof laminate and carpet - including pet friendly. The staff has been trained in the different products, and provide design and selection service. Professional installation is provided by reliable crews, some that have been with the company for 18 years. In addition to business licenses, owner has contractor licenses in two counties.

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Business Listed By:

Mark Purtee

Murphy Business Brokers