Growing Flooring Retail Business
Flooring Business services Bloomington, Martinsville, West Indy area, and more. They have a full service showroom of flooring options -- Carpet, Tile, Wood, LVP, Vinyl and Laminate. Customers can walk-in, schedule an appointment, or request an in-home sales meeting.
Business is a good mix of residential, multi-family, and commercial, both owner-occupied and rental properties, and both new construction and replacement business.
Employees in sales, customer service and contracted installation. Owner also calls on customers, performs management and financial duties and makes purchasing decisions. Obviously, the owner does not install flooring themselves -- the installers take care of all of that.
A Buyer should anticipate $75K for a cash downpayment and an SBA loan for the balance for the business, real estate, inventory and working capital. Buyer should achieve a Net Owner Income of $115K-$140K per year AFTER debt service.
The seller will ensure full training.
The sky is the limit in this business really. Of course, you need product and installers. They keep their overhead to a minimum and try to carry common materials in stock for short installation leadtimes, where competitors may have to wait several weeks to get a shipment. Hire an outside salesperson, or take on that role yourself, and watch the business soar.