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Floor Coverings Galore and More! (Retail, Carpet/F

Businesses for Sale in North Carolina, Retail Businesses for sale

Business Id : BSM1084

Location : North Carolina > Guilford >

Category : Retail Businesses >

Website Link : N/A

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Business Detail

Asking Price :

$228,000

Sales revenue :

$616,000

Inventory :

$70,000

Cash Flow :

$82,000

Status of Business :

For Sale

Relocatable :

Business closed :

Home based :

Employees :

Year Established :

1949

Summary :

IF YOU ARE INTERESTED IN THIS BUSINESS YOU MUST EMAIL ME DIRECTLY AT CMILAM@ENLIGN.COM. BIZSUPERMALL.COM CONTACT DOES NOT WORK AND CUSTOMER SUPPORT DOES NOT RESPOND

For decades, catering to the retail homeowner and the wholesale builder / remodeler, this store has provided virtually every type and major brand of floor covering from vinyl and ceramic tiles to laminate and hardwood floors to carpets and rugs with ceiling tiles and counter tops as well. This wide range of vendors and suppliers is one of several differences that distinguishes this operation from other local options.

The current owner rode the housing bubble to 2006 and 2007 highs of over $1,000,000 revenues and $150,000 discretionary earnings. Gross Margins have been consistently above 40% even in the worst of times. Wholesale customers have produced very few account write-offs thus preserving their sales volume. Employees have been high performing and loyal with years still left to work.

Business Competition :

Both locally and nationally owned competitors have left the market due to the recent recession. Additionally, no competitor comes close to the years or service or the depth of product offered by this business. Pricing is seldom an issue as they are able to buy at maximum discount levels due to their long-term relationships and annual volumes.

Business Expansion :

As a survivor of the recent recession, the business is well situated because of its long-term customer base and excellent business reputation with both customers and suppliers, to take advantage of the smaller number of competitors in this post-recession market. Additionally, a new owner could benefit from a stronger involvement in the business.

Reasons for Selling :

Owner wishes to pursue other business opportunities.

Uploaded Documents:

Available upon Request.

Contact Information :