Well Established and Profitable Flooring Retail Business in CT.
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 |
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.
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