Prime flooring store in Northeast Dallas with an affordable price point matched with the upper-class demographics is available for acquisition. This business was originally established in 2003 and was later acquired by the current owner in 2015. Price point of the various products has a very strong competitive advantage against any other flooring business within the city since the price is affordable to the customers while maintaining profits for the owner of the business. Most of the customers are upper-class individuals with residential jobs and some commercial contractors. Transitioning from residential to commercial customers will be beneficial for this business to sustain consistent sales and make higher profit margins than residential customers. Sales average was $600,000/year in 2016 and has steadily been increasing since the acquisition from the current owner due to aggressive marketing. The current owner since acquisition has aggressively done marketing locally through fliers and AD pages as well as through online on various social media outlets. Alternatively, focusing more towards the commercial industry rather than the current majority residential customers can be the deciding factor to generating more revenue by reaching out to a larger industry and the future growth of this business. The products that are provided range from wood, tile, carpet, laminate, granite, bathroom/shower remodeling, and stone flooring that is accustomed to all kinds of residential or commercial purposes. Expanding to central Dallas and North Dallas where construction of various building will be extremely favorable for this business. A potential buyer with aggressive marketing in mind is perfect for this business to successfully grow and generate large cash flow.
Furniture, Fixtures & Equipment: $1,500 (Included in listed price)
Inventory: $5,000 (Included in listed price)
Financing: 100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience
Year Established: 2003
Facilities: This business is located within a 1,700 SF retail strip center surrounded by various houses owned by upper-class individuals with large amounts of disposable income. The rent of this particular facility is extremely low that synergizes perfectly with the low overhead cost of this business. There's no showroom, but variety of sample flooring is available.Support/Training: The owner of the business will provide training as necessary to smooth the transition into the business operation.
Reason Selling: Other Opportunities
Competition: This is a very competitive industry with many competitors, but this business has a fantastic price point due to the great relation with vendor as well as their high volume purchases. This allows customers to acquire product at affordable price while maintaining normal profit margins.
Growth And Expansion: Proactive marketing has already been accomplished within the local area over the last several years, but the owner needs to reach out to commercial contractors to truly generate more sales.
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