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Design And Restoration Of High End Rugs Business

Location  Florida,United States
Asking Price Range  $250K - $500K
Gross Revenues  $465000
Net Profit / Cash Flow  $125600
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1967
Number of Employees  1 - 3
Inventory  260000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Key employees will most likely stay after transition. The owner is available for a reasonable transitioning period.
Reason for Sale  Approaching retirement.

Description  
This rug restoration company is located near Miami, Florida. Due to the high end nature of their rug restoration, they have a national client base and no competition. They have a lot of celebrity clientele, including professional athletes and movie stars. Their highly trained employees have extensive skill and expertise and are able to run the business for weeks at a time without owner supervision. Services they offer include binding, serging, and fringing as well as retail sales of carpet tools and supplies. In addition to rug restoration and the fabrication of area rugs, they also offer hand sewing. This business has great, ongoing relationships with its customers and has an excellent reputation for quality work in a timely manner. This rug restoration company has been in business since 1967 with the current ownership starting in 1992. After years of hard work and dedication to building this business, the current owner has decided to retire and let a new owner take this business to the next level. This Florida based business is a great opportunity to take a business that is already successful and build on that foundation to secure your future. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Out of their total revenue, 75% comes from restoration of high end rugs and 25% from carpet tools and supplies. This company offers a new owner a successful business with stable revenues. For more information on this listing, contact us today. Equipment and inventory included in the sale, more details available upon inquiry. Asking $500,000.00. The 4,800 square foot facility is primarily shop space with an office and some storage space. This business location is currently leased and there is room for expansion. If a new owner desired, the business could be relocated within two counties. 70% repeat clientele.


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