Well Established and Growing One Stop Flooring Store

Collin County, TX

Seller Financing Available
Well Established and Growing One Stop Flooring Store
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Asking Price: Get Financing: $199,000

Cash Flow: $168,213

Gross Revenue: $778,824

EBITDA: N/A

FF&E: $1,500

Inventory: $5,000

Lease Rate: N/A /SF

Established: 2003

Well Established and Growing One Stop Flooring Store

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Business Description

Prime flooring store in Northeast Dallas with an affordable price point matched with the upper-class demographics is available for acquisition. This business was originally established in 2003 and was later acquired by the current owner in 2015. Price point of the various products has a very strong competitive advantage against any other flooring business within the city since the price is affordable to the customers while maintaining profits for the owner of the business. Most of the customers are upper-class individuals with residential jobs and some commercial contractors. Transitioning from residential to commercial customers will be beneficial for this business to sustain consistent sales and make higher profit margins than residential customers. Sales average was $600,000/year in 2016 and has steadily been increasing since the acquisition from the current owner due to aggressive marketing. The current owner since acquisition has aggressively done marketing locally through fliers and AD pages as well as through online on various social media outlets. Alternatively, focusing more towards the commercial industry rather than the current majority residential customers can be the deciding factor to generating more revenue by reaching out to a larger industry and the future growth of this business. The products that are provided range from wood, tile, carpet, laminate, granite, bathroom/shower remodeling, and stone flooring that is accustomed to all kinds of residential or commercial purposes. Expanding to central Dallas and North Dallas where construction of various building will be extremely favorable for this business. A potential buyer with aggressive marketing in mind is perfect for this business to successfully grow and generate large cash flow.

Listing ID #000392
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
1FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located within a 1,700 SF retail strip center surrounded by various houses owned by upper-class individuals with large amounts of disposable income. The rent of this particular facility is extremely low that synergizes perfectly with the low overhead cost of this business. There's no showroom, but variety of sample flooring is available.
Competition:
This is a very competitive industry with many competitors, but this business has a fantastic price point due to the great relation with vendor as well as their high volume purchases. This allows customers to acquire product at affordable price while maintaining normal profit margins.
Growth & Expansion:
Proactive marketing has already been accomplished within the local area over the last several years, but the owner needs to reach out to commercial contractors to truly generate more sales.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide training as necessary to smooth the transition into the business operation.
Reason for Selling:
Other Opportunities
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.


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