Flooring Retailer- Commercial & Residential, Northern CT

Price: $199,000

Location: Tolland County, CT

Industry: Retail

Listing ID: 33462919-PV

This is a full-service floor and carpet business serving northern Connecticut for 30 years. It is an owner-run business with a steady stream of recurring commercial and residential clients. It is well established with an excellent reputation. The business has solid sales and good growth potential with low overhead. It has an excellent location that includes a showroom, offices and warehouse space. The owner handles sales doing the measuring, quoting, and scheduling. The business runs day to day with the owner and one office administrator.
The owner sees clients by appointment primarily but also has a very nice showroom for walk-ins and for clients to view a wider range of displays and materials. They offer all types of flooring from tile to vinyl to hardwood to various laminates as well as all types of carpeting and carpet tile. They can even install tile counters. The business has solid financials and consistent sales and income over time.

The seller is motivated and very reasonable with plans in place for an early retirement. This business has done well over the years and the owner is able to implement his retirement plans sooner than expected, he is looking for a quick sale. The seller will help to train a new owner after the sale to ensure a smooth transition.

Gross Revenue: $900,000

Cash Flow: $85,000

FFE: $20,000 (Included in price)

Terms & Conditions:

Seller looking for Quick Sale - price is negotiable. No seller finance

Reason for Sale:

Retirement

Training & Support:

Seller will provide some training and support after the sale

Year Established: 1991

Days & Hours of Operation: Mon to Fri 8 am to 4 pm

Owner Hours Per Week: 40

Employees: 1

Managers: Owner

Lease Option: yes

Monthly Rent: 3750

Type of Location: professional office complex -

Square Footage: 3000

Facilities Information:

location consists of retail showroom, business offices, and warehouse/storage space.

Owner Qualifications:

Sales skills helpful, Owner does sales calls, measurements, quoting, and scheduling

Potential Growth:

Good growth for someone who will expand contractor network and market to retail/make more sales efforts through associations, trade groups and shows, etc

Financing/Terms:

bank finance possible but seller looking or quick sale. No seller finance but price is negotiable.