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Well-run Flooring And Remodeling Company For Sale

North Carolina, US
Asking Price:
$1,567,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$6,885,046 (USD)
Cash Flow:
$645,054 (USD)

Well-established and profitable flooring services (carpet, vinyl, tile, laminate, pre-finished hardwood, and sand & finish hardwood) and home renovation/remodeling company with a 25-year plus track record! Enjoy a well-developed local reputation coupled with sales, service, and installation capabilities to serve large commercial accounts and consumers alike.

The Company is positioned to serve multiple metro areas. It has a strong brand name and market presence, proven sales and marketing programs, all of the equipment and vehicles necessary to serve the customers, and experienced managers, sales team, and installation crews. This is a turnkey acquisition.


The property is available for purchase for $855,000 or lease for $77,000 per year, payable monthly, NNN. The above financials included a $77,000 per year rent charge. The SDE, if the property is purchased, would be $722,052.

Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (approximately 3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.

Property Information

Real Estate:

Real Property Included

Premises Details:

Approximately 12,000 square foot office, showroom, and warehouse facility on 3.0 acres.

Business Operation

Expansion Potential:

Significant opportunity to expand geographically and through more aggressive online and other direct marketing initiatives.

Competition / Market:

The Company competes with other flooring and remodeling companies, but few have the depth and breadth of product.

Reasons for selling:

Retiring.

Trading hours:

Mon-Fri 8:30am-5pm; Sat 10am-12pm

Employees:
39 FT/2 PT
Years established:
27

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

The Company sells, services, and installs carpet, vinyl, tile, laminate, prefinished hardwood, sand & finish hardwood, cabinets, countertops and backsplashes, as well as offers home renovation/remodeling for kitchens and bathrooms.

Other than a local business license, the Company does not require any licenses (general contractor or plumbing).

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$156,700 down/$78,350 Over 120 [email protected] 7%/Other Financing.

Furniture / Fixtures value:
$500,000 (USD) - included in the asking price
Inventory / Stock value:
$50,000 (USD) - included in the asking price

Contact Murphy Business & Financial

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