PRICE REDUCTION! Family-Owned Flooring Store, $500K+ Earnings!

CO

PRICE REDUCTION!  Family-Owned Flooring Store, $500K+ Earnings!
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Asking Price: $1,200,000

Cash Flow: $558,621

Gross Revenue: $2,256,028

EBITDA: N/A

FF&E: $34,000

Inventory: $19,200*

Real Estate: N/A

Established: 1965

*not included in asking price.

PRICE REDUCTION! Family-Owned Flooring Store, $500K+ Earnings!

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Business Description

This business opportunity is a lucrative Full Service Flooring Store that offers free estimates, high quality product, impeccable service and friendly installation virtually guaranteeing delighted customers! With the opportunity for further expansion and growth, this business is special! It is located in bustling, northern Colorado, home to approximately 600,000 people and growing every year.

The owners are trustworthy people who enthusiastically want to find and support a new owner for continued success. These family members work full time at the business and have built it from the ground up. An important note is that this business has an A+ accreditation with the Better Business Bureau (BBB) and has for decades.

2016 had revenues of $2,256,028 with Seller’s Discretionary Earnings of $558,621. The top line has been steady while the earnings have averaged 23% growth for the last couple of years. The owners are looking forward to retirement which gives the potential buyer a unique opportunity. This family-owned business has been around since the mid-60’s and the owners have worked very hard to make it successful.

The individual or family who decide to buy this business will find that it is a very positive work environment. The new owner will be able to take advantage of this company that is well-known around town, has established accounts and a great reputation. In the owner’s words, “Diversification of the customer base and excellent customer service have been the keys to success, including new construction, remodels, and very satisfied commercial and residential customers.”

The Sales Price includes $34,000 of furniture, fixtures and equipment that includes forklifts, significant number of specialty tools, desks, computers and software systems to track the business.

There are 5 sources of revenue:

1) Carpet Sales: The core business for a Flooring and Design Center is carpet. A significant amount of sales each year are with recurring commercial accounts as well as residential customers who purchase flooring for another room or a new home.

2) Tile/Stone Flooring: Essential for both residential and commercial clients, tile and stone flooring represent a profitable and important part of the business.

3) Hardwood Flooring: The trends in hardwood flooring continue to be strong and this portion of the business continues to provide high margin sales resulting in significant profitability.

4) Environmentally-Friendly Flooring: This is an area of the business that will continue to grow as the number of products utilizing new materials expands. More and more customers are requesting flooring that is easy on the environment – cork, linoleum, wool and other products requiring minimal chemicals and processing.

5) Luxury Vinyl Tile/Planking: As many customers look to make improvements in their flooring, Luxury Vinyl Tile/Planking products have been become more and more popular. Sales, as well as the number of available products in this category, has exploded in the last few years.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
6,000
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Retail Store Lease: The seller owns the retail store. The buyer and seller will negotiate lease terms as part of the business purchase. The seller will work with the buyer to come up with a lease that will work for both parties.
Competition:
Many competitors offer lower end options and few of them offer quality product and very good customer service. Despite the competition, the company has continually maintained and grown their market share in this competitive industry.
Growth & Expansion:
The revenues are generated from a large customer base of local businesses, residential customers, and, importantly, many referrals. The municipalities, hospitals, and other well-known commercial contractors have been integral to the success of this business. The reputation of this store and the resulting referrals generate the many positive reviews and the satisfied experiences enjoyed by longtime customer. The new owner will be provided insight into how they can continue to grow the business which the sellers will be happy to discuss in more detail. The county has been growing steadily and has many new businesses that have opened recently and/or have moved into new locations. While the current owners have relied on their reputation and referrals and have been very successful, the sellers believe that there are even more opportunities within a short distance of the retail store.
Support & Training:
The employees are dedicated to providing excellent customer service. The company employs 5 employees along with an additional 8 subcontractors. The tenure and the low turnover rate means that employees know their jobs well. The owners will help with a positive, supported, and successful transition of the business. The owners are very interested in seeing the business prosper. The hard work is done and its successes has been proven via the test of time. The seller will offer full warranties, indemnifications, and further states there have not been any legal or other issues of any kind nor are the owners aware of any items pending. This is a rewarding, positive, profitable business and industry and could be an ideal fit for the right individual or family to acquire.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Donna Martemucci

Business Listed By:
Donna Martemucci

Doberstein Lemburg Commercial, Inc.

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Sponsoring Broker:
Randy Marshall

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