Seller Financing Available
Gross Revenue: $9,082,000
37017-Flooring: Residential and Commercial
Asking $2.3M plus an average working capital of $600,000 available, this listing is for two flooring businesses located in Edmonton, Alberta, Canada. Together, both businesses specialize in all types of flooring, including carpet, ceramic, hardwood, area rugs, tile, vinyl, and laminate, as well as eco-friendly choices like bamboo and cork. They also do residential and commercial flooring installation. These two businesses work together and operate out of the same location, offering customers an extensive selection of flooring types to choose from. Both these companies have very high standards of customer service and offer free in-home estimates and financing. Some other services they offer include design consultation and window treatments.
These flooring companies have both been in business since 1957 with the current ownership starting in 2000 for one and 2004 for the other. The current owners have decided to retire and let a new owner take these businesses to the next level. These companies could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Out of their total revenue, 40% comes from carpet and underlay, 20% from ceramics, 20% from hardwoods, 10% from vinyl, 5% from laminates, 4% from area rugs, and 1% from blinds. These companies offer a new owner two successful businesses with stable revenues and an established customer base. Equipment and inventory included in the sale, for more details please contact us.
Inventory: Included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: These businesses are located in a high traffic location with 13,000 sq ft of space. They have a 5,000 sq ft shop area, 5,000 sq ft showroom, 2,000 sq ft office area, and 1,000 sq ft of storage. There is also a sea-can container for additional storage space.
Competition: 30% repeat clientele. These businesses have a great reputation and a convenient location that appeals to customers. The staff has extensive knowledge and flooring expertise and are able to find the right fit for any customer. Since these companies have been in business for so long, they have a large customer base and a trusted reputation in the area.
Growth & Expansion: There are many effortless growth opportunities for this business. Offering additional products and services and staying open longer hours would bring in additional revenue. Another opportunity comes from stronger sales efforts such as outside sales and stronger marketing efforts with a sales team. Additionally, opening a new location would be a great way to expand the business and generate additional income.
Financing: Negotiable up to: 20.00 %.
Support & Training: Key employees and 20 contractors will most likely stay after transition. Owner available for a reasonable transitioning.
Reason for Selling: Approaching retirement.
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