Detail information about the listing
This Paint, Carpet & Flooring Company has approximately 1,200,000 in annual sales with about 40 percent of the sales being paint and 60 percent Flooring Products (Carpet, Vinyl, etc.). The have a combination of retail sales, a few contractors and commercial accounts. There are 3 sub-contractors who install exclusively for the company. They do collect the money for the installations with 50 percent down and 50 percent when the job is complete.
No formal asking price as the Seller prefers to retain it and lease it to the buyer of the business. He will consider selling it and estimates the fair market value to be approximately 350,000. It consists of a 10,200 SF Building zoned industrial use on 1.7 Acres and this is the same location the business has been located since 1981. The current rent charged is fair market value of 2,500 monthly.
There is approximately 35,500 of equipment included in the sale of the business. Inventory tends to run approximately 150,000 consisting of mostly paint and paint products. It is intended for all inventory to convey with the sale subject to an acceptable term sheet.