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#Business ID: 11254

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Upscale Rug Business In Collin County

Business Location: Collin, Texas, United States

Asking Price: $ 499,000 Revenue: $ 415,000 Cash Flow: $ 147,000

[Furniture / Fixtures and Inventory / Stock included]

Business Summary

This business has been open for 12 years in the same location. This business imports upscale rugs from countries around the world. They have an excellent product, great reputation, and loyal clientele. Owner pays his son $4,000 per month, so the new owner could combine the owner’s salary and owner’s son salary and net $147,000 per year.

Property Details

Years Established:

2000

FF&E:

$ 50,000

Inventory Value:

$ 400,000

Other Business Details

Business Location:

There are many other retail businesses surrounding this business, ample parking spaces, ~2,800 square feet, 1.5 years left on the lease. New lease can be negotiated.

Competition:

As with any retail business there is competition, but there is limited competition in this industry.

Expansion Potential:

There is a tremendous opportunity for growth and expanding by opening stores across the DFW metroplex.

Business Operation Details

Employees:

3

Support & Training:

Owner is willing to train for up to 3 months so new owner is acclimated to business.

Miscellaneous Details

Reason For Selling:

Owner is 61 years old and is retiring.

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