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Highly Profitable, Established Flooring Business

McHenry County, IL

Highly Profitable, Established Flooring Business
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Asking Price: $1,200,000

Cash Flow: $333,157

Gross Revenue: $1,411,422

EBITDA: $161,774

FF&E: $130,000

Inventory: $70,000

Rent: $2,520 /Month

Established: 1991

Highly Profitable, Established Flooring Business

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Business Description

This listing is for the premiere carpet and tile store in the upscale northwest suburbs of Chicago that is available to a qualified buyer. This business has been an established fixture in the community for multiple decades and it offers a hands-on buyer a substantial yearly income of over $300,000. The business offers the finest material for their customers’ tile and flooring projects. The store features a wide variety of tile, carpet, area rugs, laminate, padding & underlayment, vinyl, heated floors and much more. In addition to the wide selection of flooring options, the business also provides cabinets and countertops and related cleaning products for their flooring. This business has a spectacular reputation in their marketplace with great reviews and large base of customers. Over $200,000 in assets is to be transferred with the business as well and they have seen consistent growth in both their revenues and cash flow over the last three years. They keep a large amount of inventory at the store at all times. Half of their business comes from residential customers and the other half is commercial clients. They frequently work with high-end contractors with whom they’ve developed a terrific professional relationship. The business has a beautiful, appointed showroom and a design staff in-house with top-notch installers. If you would like more information about this great business opportunity, or if you would like to schedule a site visit, please contact the agent either by phone or by email.

Detailed Information

Location:
McHenry County, IL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,020
Lease Expiration:
12/31/2019
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Building is available for lease at $2,250/Month. 300 sq ft office space. 3,470 sq ft warehouse. 1,600 sq ft showroom
Growth & Expansion:
Expand Sales Staff, Add New Products and Services, Increase Marketing Territory
Support & Training:
Owner will train the buyer for 4 weeks
Reason for Selling:
Retirement/Other Business Interests
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(from currently available funds)
 
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Tommy Farmer

Business Listed By:
Tommy Farmer

The Marvin Group LLC

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