Listing Number: 76931-944980
The flooring company was founded in 1987 and Houston store has been in the same location for the past 20 years with a showroom, warehouse and offices. Nearly 90% of the company’s business is based on referrals from its contacts with realtors, contractors and individual homeowners in the Houston area from being in business for over 30 years. The store is offered at $650K. The revenues in 2018 were $1,783K with an owner benefit of $254K. The Houston store would be a good fit for someone in or wanting to enter and focus on the flooring business. The flooring company has a great reputation in the Houston area in providing high quality flooring and remodeling options at affordable prices with superior customer service. It provides a myriad of product and pricing options to fit all budgets. The company has a vast selection of carpet, laminate, wood, tile and vinyl flooring from long sourced supplier relationships. In addition to providing direct floor sales and installation, the company has another revenue stream by installing other suppliers’ floors with its well established five crews with over 100 years of experience. It has maintained an accredited BBB A+ ranking for the past 18 years. The seller who wants to retire is offering financing up to $325K for the Houston store at 6% interest for either the Houston store sold separately or for both stores sold combined.
In late 2018 the company opened a second location in Northwest Houston that focuses on remodeling and has a gorgeous showroom fully decked out a full kitchen, bath, outdoor patio, cabinet and flooring show areas plus five separate well-furnished offices with granite countertops. It is beautifully furnished with $200K in assets with separate kitchen, bath, patio and flooring rooms fully decked out with top of the line appliances and granite countertops and a full array of flooring displays. The Northwest Houston store would be perfect fit for a remodeling contractor or another flooring company looking to expand or for any small business looking for a nice space with minimal conversion. This Northwest Houston store is also for sale either separately for $99K or combined with the primary Houston flooring store for a $50K discount or $699K for both stores.
- Price: $650,000
- Down Payment: $325,000
- Sellers Discretionary Earnings: $254,000
- Total Sales: $1,783,000
- Location: Harris County, Texas
- Inventory: $5,000
- FF&E: $30,000
- Employees: 3
- Reason for Selling: Retirement
- Category: Flooring