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Owner-Absentee Hardwood Flooring Business | Open 40+ Years

Description

This established hardwood flooring store offers a proven, turnkey operation that runs smoothly under owner-absentee management. The business provides a full range of hardwood flooring products and supplies, attracting both homeowners and contractors seeking quality materials and reliable expertise. With trained staff in place, consistent customer traffic, and streamlined operations, the store functions efficiently without the day-to-day involvement of the owner.
The business benefits from strong vendor relationships, steady repeat customers, and a reputation for quality service. A new owner can step into a stable operation with immediate income and the flexibility to remain hands-off or choose to be more involved to drive growth. This is an ideal opportunity for an investor, portfolio owner, or anyone seeking a profitable, absentee-run hardwood flooring business. Inventory of approximately $1,400,000 (at cost) is not included in the sales price and will be sold to the buyer at time of sale.

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Asking Price: 
$1,594,000

Gross Sales:
$3,790,000

Cash Flow:
$444,140

General Info:

  • Asking Price: $1,594,000
  • Gross Revenue: $3,790,000
  • Total Adjusted Net Income: $444,140
  • Equipment / Fixtures: $500,000
  • Non-Included Inventory Amount: $1,400,000
  • Year Established: 1984
  • General Location: Los Angeles, CA

Lease Info:

  • Square Feet: 8,600
  • Total Monthly Rent: $13,650
  • Lease Expiration: 5 years
  • Lease Options to Renew: 2 5-Year Options

Additional Information:

  • Full-Time Employees: 7
  • Training Period: 6 Months
  • Reason for Selling: Retirement

Wesley Hill

For more information on this business contact Wesley:

Office: (423)-894-1926 
Cell: (931)-349-0173
Email: wesley@pinsongroupintl.com

Looking to Sell?

Pinson Group Business Advisors is here to guide you through a seamless and rewarding selling process. Our team of experienced professionals is dedicated to maximizing the value of your business and ensuring a smooth transition. Take the first step toward a successful business sale by scheduling a consultation today.

Contact us now to get started.
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