High Volume Flooring Sales & Installation in Central Illinois

Situated in Central Illinois, this retailer provides flooring sales & installation services for residential and commercial clientele. The diverse flooring selection includes hardwood, laminate, luxury vinyl, tile, carpet, and waterproof flooring with popular brands such as Mohawk, Shaw, Casabella, and Armstrong. Along with a crew of subcontractors for installation services, the team includes six employees with management in place to allow an excellent work-life balance for ownership. The ownership is approaching retirement and would like to sell so that a more ambitious owner can take the business to the next level after a standard transitioning period. Preferably sold alongside the company at $1,700,000, the 20,000 sq. ft. facility features an attractive showroom, warehouse, administrative space and is surrounded by an ample parking lot. As it is situated near a major thoroughfare in town, it has excellent visibility and a high traffic count as well. The company has a strong presence in the area through their website, community involvement and stellar reputation for quality products and services. Sales and profit margins are stable with $4,360,000 in Revenues and Discretionary Earnings of $343,000. The 2023 projections are expected to be about the same. This is a great opportunity for an existing business to expand their service radius as the company has great market share in the local market.
Listing includes all furniture, fixtures and equipment. Inventory valued at cost. The 20,000 square foot property can be purchased for $1,700,000 additional or leased for $13,500 NNN per month.