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Business for Sale Summary

Wholesale Rug Distribution Business in New Jersey - 35878

Business Type: carpet & flooring sales & installation,misc. wholesale/distribution/non-classifiable,owner financing available,wholesale/dist businesses
Wholesale Rug Distribution Business in New Jersey
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Financial Information (non-confidential)

General Information
Asking Price $400,000 Down Payment $400,000
Gross Revenues $1,400,000 Lease Remaining Register Free to View
Owner’s Cash Flow $200,000 Number of FT Employees Register Free to View


$400,000 Down and

Business Description

A Passaic County online and wholesale distributor of rugs and carpets has become available. The wholesale distributor sells to furniture, carpet, discount, variety and 99 cent stores domestically with newly added sales to the Caribbean markets. The online products are sold to big name e-commerce stores in Canada and the U.S. Products include area rugs of all sizes, welcome mats, kitchen mats, door mats, stair mats, runners, prayer rugs and more. Sizes are as varied as the product line. The inventory is housed in two nine-thousand sq. foot warehouses in North Jersey, one for wholesale and the other for online products. There are numerous ways to increase sales and profits starting with the consolidation of the two warehouses into one particularly since the products of the online sales are all carried in the wholesale warehouse. Second, a mini showroom for cash and carry orders can spaced out at the one warehouse for orders by appointment and a brochure for the online sales developed. Third, the Caribbean and Canadian markets each has substantial growth potential of its own. Finally, due to its entry into major accounts, vinyl flooring products can be added to the mix. The owner seeks to retire. For more information, contact Gerald Nimberg Senior Business Broker, Vested Business Brokers at 646-269-4616.

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