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Floor Coverings Retailer and Interior Design

Boise, Idaho (Ada County)

Retail - Blding Mat., Hardware, Garden | Retail - Home Furniture & Furnishings

Asking Price $500,000 Inventory $14,018* 
Gross Income $1,139,163 Real Estate  
Cash Flow Not Disclosed Year Established 1994
FF&E $58,919* Employees 5

* included in the asking price

** not included in the asking price

This company is in the business of providing flooring and other surface products and interior design services. They have been established for 13 years and have a solid network of suppliers and sub-contractors. There is one part time employee that does warehousing and receiving duties and 4 full time employees that manage the day-to-day operations of the business. The sellers/owners of the business are passive.

Facilities: The building was constructed in the last 5 years. The original lease was for 3 years and expires September 30, 2009. The landlord would be willing to enter into another long-term lease.

Competition: The market has slowed down from its high in 2006. This company is positioned very well to be a major competitor when the construction market rebounds and the demand increases. The price reflects a valuation of fixed assets, an attractive showroom and lease, and a working system of controls and procedures as well as a positive reputation in the marketplace with both customers and sub-contractors.

Financing: Seller is willing to provide $40,000 financing qualified buyers

Support/Training: The seller will agree to provide 160 hours of training over a 3-month period of time. The Sellers would be willing to provide more training and consultation if buyer is willing to compensate the Sellers for the additional time

Reason Selling: Sellers own 2 others companies and would like to reallocate resources there

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