Well Established and Profitable Flooring Retail Business in CT.

New Haven County, CT
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Asking Price:$495,000
Gross Revenue:$943,676
Rent:$5,062.5/Month
Established Year:1973
Cash Flow:$212,456
Inventory:$15,000
FF&E:$170,000
BUSINESS DESCRIPTION

This full-service flooring business has been serving Central Connecticut for 51 years, establishing a strong reputation within both the commercial and residential markets. It is a well-established, owner-operated business with a consistent flow of repeat clients. The company boasts steady sales, and significant growth potential.

Located in a high traffic strip mall setting, the facility includes a state-of-the-art showroom, office space, and warehouse. The owner’s responsibilities include providing project consultation, leading sales and design efforts, conducting estimates, managing ordering processes, and supervising subcontractors. He also maintains ongoing communication with customers, suppliers, and membership organizations, while spearheading strategic marketing initiatives and business development activities. The day-to-day operations are efficiently managed by the office administrator. She would like to remain employed by the next owner. While many client interactions are appointment-based, the business also offers a modern and state-of-the-art showroom for walk-ins, featuring a comprehensive selection of flooring options.

The business offers a comprehensive range of flooring, floor coverings, and window treatments, featuring a wide selection of name-brand products. These include carpeting, rugs and runners, luxury vinyl planks and tiles, sheet vinyl, hardwood, bamboo, cork, and ceramic and porcelain tile. In addition, they provide services such as hardwood floor refinishing, repairs, carpet re-stretching, custom rugs and runners, binding and serging, as well as hardwood stairway overlay systems.

The seller is motivated and ready for retirement, creating an opportunity for a quick sale. To ensure a seamless transition, the owner is committed to providing training and support to the new owner after the sale.


DETAILED INFORMATION
Location
New Haven County, CT
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,500
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
State-of-the-Art showroom with a business office and large warehouse space in a highly visible strip mall.
Competition
Great Reputation with an established client base and trusted contractor relationships.
Growth & Expansion
Tremendous Growth and Expansion potential with new technology and modern showroom.
Financing
SBA financing available.
Support & Training
The Seller is willing to provide support and training during the transition period.
Reason for Selling
The Owner is Retiring.
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Bob
Murphy
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Bob Murphy