Description

This is a great opportunity to purchase a Texas based multiple unit retail flooring company. Sales revenue and profits are strong - generating revenue in 2015 in excess of $4.8M with total discretionary earnings in excess of $500K. Revenue for the first quarter of 2016 is showing some growth with margins consistent.

The owner has sourced an excellent competitive product line that has been the key to its success to date, however there is still excellent untapped potential for future growth. An enterprising buyer could continue the growth by adding more units, selling related products such as countertops or even expand the product segment as this business currently does not sell traditional floor coverings such as carpet or tile, which represent over 50% of the industry's and the big box retailer's (HD and LOW) overall revenue.

The owner has other business ventures he wishes to pursue, but will provide support for a smooth transition of ownership with the buyer. The owner may be willing to finance a small portion of the deal for a qualified buyer.

An asking price of $1,399,000 has been established and is inclusive of $150K of inventory! Over $500K of equipment and leasehold improvements are included in the sale!

Posted Jun 2, 2016

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