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Listing ID: 3-16702

Commercial and Retail Floor Covering supplier

Business Description:

Independently owned, multi-location Commercial Floor Covering (65% of sales) and Residential Floor Covering (35% of sales) retailer. This is an established company with outstanding brand reputation. Combined revenues for all 3 locations was approximately $7 million with cash flow of approximately $750,000 in 2017. Business for sale for $2.725 million and the real estate is also for sale for $3.0 million for a total purchase price of $5.725 million. Leasing the real estate is also an option. For additional information please contact Rick Elliott with Sunbelt Business Advisors at 612-238-1282 or relliott@sunbeltmidwest.com.

Industry:Distribution
Location:Michigan
Annual Revenue: $6,947,228
Listing Price: $2,725,000
Annual SDE (Cash Flow): $746,063
Real Estate included:Yes Real Estate list price is: $3,000,000
Listing Agent: Rick Elliott 
FF & E: $150,000 
Inventory included in sale:Yes Inventory Value: $1,150,000
Established in1959 
Is this a franchise:No 
Employees(Full-Time):17 
Reason for selling:Retirement 
Seller Financing Available:No 
SBA Financing Available:Yes 

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