This is an opportunity to acquire the leading retailer of flooring materials including carpeting, hardwood, laminate, tile and vinyl, in the Conejo Valley. The showroom is located on Thousand Oaks main thoroughfare and a prime retail location. They stock samples of thousands of materials, but do not maintain inventory of any particular item, other than carpet padding. All floor coverings are custom ordered, and subcontracted out to licensed installers for installation. They are neither the lowest nor the highest priced supplier, but their reputation for outstanding customer service is what has enabled the company to achieve consistent sales and recent growth in a highly competitive market.
The current owner has owned the business by himself and with various partners over the years since 1988. Over the last year he works the business with minimal support which is why overhead is so low and profits are high. A new owner could hire two or three salesfloor/admin personnel, and still make approximately $500K, even without incremental sales growth. All installation is subcontracted out to licensed installers so Buyer does not require a contractor's license. If desired, the C-15 license for flooring contractors is not difficult to obtain.
Market Conditions & Competition
Training & Support
Four weeks full-time.
Reason for Selling
Owner is moving out of the area.