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Asking Price
$495,000

Annual Cash Flow $135,000

Annual Revenue $335,000


EBITDTA:

FF&E: $15,000

Lease Rate: $1,500

Ref ID:

Real Estate: $0

Established: 1996

Business Description

This is a beautiful business to own. When you walk into this store, you will be amazed at all the different types of rugs you see. They sell the finest hand woven rugs from all over the world, like, one of a kind Persian, Oriental, and European style rugs. Weaving is an ancient art; many traditional patterns and techniques have been handed down in families for centuries. Styles and techniques can vary from bright geometric designs to intricate floral patterns in both traditional and modern designs. Some designs are more prevalent in Europe; some are more popular in the United States. This business has what is popular in this area—selling over $300,000 in rugs annually with a great centrally located storefront and a history of selling rugs for 27 years. With a sizeable 1,500 sqft showroom, there is plenty of room to spread out and see the $280,000.00 inventory of rugs. They have the largest inventory of special area rugs in the Gulf Coast area. This large space is also big enough to add other items for sale, like home furnishing and accessories. There are many ways to grow the business, including cleaning and repair or delivery services. Lots of rugs in this showroom that are ready for you to buy and then sell for an immediate cash flow from day one. The purchase price for this business is $495,000.00 and includes Inventory.

Detailed Information

Listing Agent:David Chew

Inventory: Included in asking price

Real Estate:

Building SF: 1500

Employees: 2

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

City:Mobile

Phone:251-278-8171

Support & Training: 30 days support and training

Reason for Selling: Retirement

Growth & Expansion: Room to add home furnishings and accessories for sale