Tile & Carpet Store of Durango

Durango, CO (La Plata County)

Showroom
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Asking Price: $260,000

Cash Flow: $66,055

Gross Revenue: $407,243

EBITDA: $151,623

FF&E: $60,000

Inventory: $90,000

Rent: $5,572.94 /Month

Established: 1989

Tile & Carpet Store of Durango

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Business Description

The Tile & Capet Store of Durango is a family owned & operated flooring business & is a great opportunity for the buyer that wants to purchase a business & avoid updating & restructuring their new purchase. The business was moved to the current location in 2014 which is a 6500 sq ft building that was completely gutted & totally remodeled creating a 3500 sq ft showroom and a 3000 sq ft warehouse. Since that time office equipment, computers & software (QB Premier 2017) were also updated. All displays are fresh & represent 60 quality vendors for carpet, wood and tile including 2 distributorships & several exclusive lines. The friendly, service oriented staff is educated, technically trained & cross trained to minimize disruption on vacation & sick days. There is also a new professionally designed website with a broad social media presence. This business has a loyal customer base that includes prominent builders, installers, property managers and designers. To create more "add on" sales an in-store credit card was added, offering special financing. The inventory averages $90,000 & has minimal obsolescence. This business sits on about an acre with an abundance of parking & room for semi deliveries and is located 1 block from a US Hwy and adjacent to a shopping plaza. There is a very reasonable lease that runs through 09/2020 with the option to renew. There is also an opportunity to purchase the real estate which would be separate from the purchase of the business. You can really enjoy life in this small upscale town with a growing economy and incredible amenities. This business is being sold to pursue the expansion of another business that the owner owns.

Detailed Information

Location:
Durango, CO
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,500
Lease Expiration:
9/1/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
6500 square foot building with a 3500 sq ft showroom and 3000 sq ft warehouse. A minimum of 20 parking spaces available. Easy access for semi deliveries. Inventory value $90,000 and Furniture/Fixtures/Equipment value $51,000 both of which are included in the purchase price.
Competition:
There are 5 similar businesses in the county, only one of which carries the volume of vendors and this company is the only distributor for install materials.
Growth & Expansion:
The warehouse could be converted to more retail space. Just added 2 new accounts for 2 large apartment complexes and a government housing agency in 2019 which will increase income substantially. Add more store hours.
Support & Training:
30 days at no charge
Reason for Selling:
To pursue the expansion of another business
Business Website:
http://www.tilecarpetduango.com
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Business Listed By:
Mary Rigby

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