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Local Flooring Business 31936

Atlantic County, NJ

Local Flooring Business 31936
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Asking Price: $259,000

Cash Flow: $124,000

Gross Revenue: $828,000

EBITDA: N/A

FF&E: $40,000

Inventory: $70,000*

Established: 2004

*not included in asking price.

Local Flooring Business 31936

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Business Description

Great potential

Established floor covering store with retail location and excellent reputation. Recent 2018 super service award from Angies List. Strong referral and repeat business. The business has seen tremendous growth. From 2016-2018 sales were up 108.2%! Primary areas of focus are hardwood, vinyl planks, laminate, and stair refacing systems. Carpet and tile are also offered. One of the areas only retailers that also offer sanding and refinishing of existing hardwood floors. They offer commercial and residential services. Included in the sale is a beautifully wrapped, one of a kind, mobile showroom with over 2,000 samples onboard, a cargo delivery van, forklift with carpet pole. All labor is contracted out with highly skilled mechanics. Beautiful, recently renovated showroom with attached warehouse. Brand new garage door opener just installed on 12? overhead door. On top of existing showroom is a loft that could double showroom size or simply be used as storage. The showroom is located in an urban enterprise zone which allows them to collect a 50% reduced tax rate on materials. This feature is very attractive to consumers. Financing is also offered to qualified buyers. The current owner is willing to and prefers to stay on part time after the sale.

Detailed Information

Location:
Atlantic County, NJ
Inventory:
Not included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Yes
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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