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71147- Rapid Growing Flooring Business for Sale

For Sale in LA

Listing ID: 71147 | Broker Listing ID:

Financial & Assets Details

$1,867,000
$235,000
$50,000
$150,000

About the Business

Yes
2009
5 FT/ 1PT/ 4
Yes

Business Description

Servicing a 100 mile radius in Northeast Louisiana, this retail operation specializes in providing commercial and residential flooring products and installations. The company offers a wide array of flooring products which includes carpeting, hardwood, laminate, flooring tile and tile for custom showers and backsplashes. Established nearly 60 years ago, this company has a long and proven track record. High-end home builders and interior designers account for half of revenues, while individual walk-in consumers account for the other half. Sales were adversely impacted by a tornado that erupted over the business in late 2013, causing catastrophic damage and severe economic losses in 2014. The business has been rebounding with an abundance ever since, rebuilding its customer base and tracking to generate $300,000 in net income this year.

As the current owner is looking to relocate and pursue other interests, this leaves a strong company available to an assertive new owner. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Each manufacturer provides their own separate warranties for the product. The company has utilized television, radio and direct mail to attract new customers - and they have found that direct contact is most successful. Inventory and financing are negotiable for the right buyer. For more information on this viable opportunity, contact IAG offices today!

Growth & Expansion

Expansion opportunities exist in a stronger marketing efforts or the addition of solid surface counter tops.

Seller Financing

Negotiable for the right buyer

Location Details:

The Company operates from a 7,000 square foot facility containing a 2,640 square foot showroom, 4,000 square foot warehouse, three offices totaling 260 square feet, and 100 square feet of kitchen and bathroom space. The Owner leases the building from a 3rd party.

Support & Training

Four contractors and key employees will most likely stay on after the sale. The owner will be available for a reasonable transitioning period.

Listing ID: 71147

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