Opportunity to purchase retail flooring & installation business in Grayson County not too far from Lake Texoma. Extremely profitable business model with gross margins at approximately 45% and a storefront with low overhead (rent, inventory, telephone, utilities, advertising and installation labor costs are the only significant monthly expenses). An owner/operator can handle working the store alone with no outside payroll as it is open during normal business hours 5 days per week only. Biggest competitor is Lumber Liquidators who cannot come close to the attention, service & follow up of an owner occupied independent (stays fairly competitive on price also).
EXTREMELY MOTIVATED SITUATION!! Seller owns a total of 8 stores spread out in Dallas, Plano, Carrollton, Houston, Fort Worth, Tulsa & Oklahoma City. All other stores were also begun from scratch and ramped up to annual sales of over $550K in the first 12 months with the owner or a proper in-store manager present. This particular store has the same potential but is taking much longer than anticipated to be viable for an absentee owner (now with its second manager with the last one beginning this past September). The seller is not physically capable of investing any more time managing the business on site or looking for the right store manager and is willing to let this one go NOW! Priced to sell with owner financing available. Will let the buyer use the name at this location only and pass along the vendor discounts that come with buying for 8 stores as well as do all installations for the buyer with the existing experienced crews. Great website and internet presence which is also included plus a proven proprietary software that does accurate quotes on the spot. Seller will provide on-site comprehensive training for two weeks after the purchase, assist in maintaining the vendor relationships/pricing, provide on-call telephone assistance after completion of the training and sign a no competition agreement. DOES NOT GET ANY BETTER THAN THIS!!
Additional business details are available. You will be required to document your ability to complete the proposed transaction. For more information on this residential remodeling business, please contact Stocker Travis at 972-783-1662 or e-mail at email@example.com
Reason to sell
: Semi-absentee owner with 8 locations desires to divest of slower performing unit
Support and training
: Seller will provide on-site training after purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of training and sign a no competition agreement.
: Seller financing available at competitive interest rate and reasonable term to qualified applicant with sufficient credit & cash injection.
: Excellent market outlook for the right individual
: Business operates in a 1,100 square foot leasehold space in a retail shopping center in at a total rent of $1,100/month. Current lease term expires 5/1/16 with a 4 year renewal option at a total rent of $1,300/month