Luxury Persian Rug Business for Sale!!! This is an ASSET Sale!
| Asking Price: | $550,000 |
| Established Year: | 1980 |
| Rent: | $4,000 |
This carpet business was established in the 1980's and has a long established presence in the Northern Virginia area. Pre-covid they were doing excellent and were selling over $500,000 per year, however after COVID the business has slowed down mainly because the owner has not been able to put time and effort into the business due to his age. The owner is currently over 70 years old and his health has been deteriorating over the past few years and he is looking to liquidate the business. There is a manager in place but no financial information will be shared.
They currently have over 1000 Persian rugs in stock and over rolls of wall to wall standard carpets. The rugs are quality rugs and range from standard to luxury rugs. The wholesale value is approximately $600,000.
The business also offers flooring, tile and granite services. The owner has connections with subcontracts for all of these services.
The owner also offers financing for anybody who comes in to buy carpets.
They own all the necessary equipment needed to operate the business amongst which is a forklift.
The perfect buyer for this business would be somebody who is young and energetic or another wholesale carpet distributor in the DMV area.
The location is owned by the business owner but he wants to lease it and is willing to give a favorable rate.
Please fill out the side panel to receive an NDA and you can discuss in more detail with the listing broker. Once again please keep in mind no financial information will be shared as this is a pure asset sale but the buyer can continue operating the business as is because there is a manager in place.
