Well-Established High Profit Flooring Stores

Listing Number: 76931-281780

Description

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. 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. The stores are offered separately for $650K for the Houston store and $99K for the Northwest Houston store or for $699K (a $50K discount) for both stores. 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 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. 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 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.

Listing Details

  • Price: $699,000
  • Down Payment: $374,000
  • Sellers Discretionary Earnings: $254,000
  • Total Sales: $1,783,000
  • Location: Harris County, Texas

  • Inventory: $15,000
  • FF&E: $60,000
  • Employees: 3
  • Reason for Selling: Retirement
  • Category: Flooring
Well-Established High Profit Flooring Stores

Business Listed By:

Pedro Palacios-Rhode