Northern Virginia–based business specializing in handmade rugs, broadloom carpet, and specialty flooring. The Company partners with interior designers, architects, and commercial clients to specify, fabricate, and install premium floor coverings with in-house measurement, warehouse prep, and installation capability.
The Company’s diversified mix of designer-led residential and vetted commercial projects, coupled with curated access to mills and artisan partners, supports healthy gross margins and repeat business.
This is a rare opportunity to purchase a that business provides floor coverings for some of the wealthiest and most prominent people in the D.C. area. Their ultra high-end product line and trusted installation service has made them the company to go to for top interior designers, architects and commercial clients.
**Please Norte** While this business is easily SBA financeable, it will require upwards of $1.75 million down to make it financially viable. In addition to the purchase price the buyer will also need to purchase the seller’s inventory, place manufacturer deposits and fund the accounts receivable and working capital bringing the total deal cost to $5.35 million. With $500,000 down, the debt service would be in the range of $740,000 annually. Then there will be added employee costs to the buyer of $200,000 per year leaving net cashflow at less than $150,000. Additionally the lender will want security of $2 million plus on real property.
For more information contact Northern Virginia's Number One Business Seller - Doug Jackson. Financial documentation and operational details are available to qualified buyers upon execution of appropriate confidentiality agreements and verification, proof of funds.
Ad#:2437870
