MergerPlace

SE South Dakota Carpet/Flooring Business

South Dakota


  • Asking Price: $340,000
  • Gross Income: $382,029
  • Cash Flow: $76,881
  • Real Estate: $300,000
  • Inventory: Not Disclosed
  • FF&E: $15,000
  • Listing ID: #203207
  • Established: 1958
  • Employees: 1 FT

Business Description

This business provides high quality carpet flooring, hardwood flooring, laminate flooring and vinyl flooring. This business has been serving their community and surrounding area for over 50 years! The current owners are known for providing their community with a personable and service orientated style. This business is very well known and considered by many a landmark in their community.

Times have changed and so has the flooring industry. Over the years, the sellers have made the necessary changes to "keep up with the times" and continue to be competitive. The sellers continue to maintain top of mind awareness with their customer base and manage the customer relations with high levels of professionalism.


Business Details

Primary Business Category: Contractors - Special Trade
Location: South Dakota

Company Information

Year Established: 1958
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT

Financial Information

Asking Price: $340,000
Gross Revenue: $382,029
Cash Flow: $76,881
FF&E: $15,000
Real Estate: $300,000
Seller Financing Available: No

Property Information

Facilities:

The current owners own the real estate and pay themselves rent. The building consists of 6,741 sq.ft. with available rental/living quarters in the rear of the building. The building is a brick building located in the busy retail corridor of this community. The building has five furnaces and four AC units. A new owner could potentially lease out some space for additional income.

Growth & expansion opportunities:

The local economy is healthy and the potential for growth is strong. The company's YTD revenue trend is up 16% from 2016 to 2017. The current advertising budget represents a little over 1% of total revenues. A new owner could continue to work the website, ramp up social media and get aggressive with local store marketing. These activities and more will also impact growth.

Competition:

There are two main competitors in this market place. The current owners believe that there is a lot more business to be "won" with an aggressive and energetic buyer.

Reason for selling:

The current owners are looking to retire.

Support & Training:

Will train for 3 weeks @ no cost. There are no special licenses needed to operate this business. The skills required to operate this business can be taught and easily learned.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Bryan Mulder

Murphy Business Brokers