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Business for Sale Summary

Wholesale Rug Distribution Business in New Jersey - 35880

Business Type: carpet & flooring sales & installation,internet business services (b2b),internet businesses,misc. wholesale/distribution/non-classifiable,seller financing available,wholesale/dist businesses
Wholesale Rug Distribution Business in New Jersey
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Financial Information (non-confidential)

General Information
Asking Price $500,000 Down Payment $400,000
Gross Revenues $685,000 Lease Remaining Register Free to View
Owner’s Cash Flow $100,000 Number of FT Employees Register Free to View

Financing

$400,000 Down and Balance of $100k for 18 months @ 7%

Business Description

A Passaic County e-commerce distributor of rugs and carpets is available. The distributor sells to major big-box department stores and major furniture, carpet, discount, variety and 99 cent stores in the U.S. and Canada with newly added sales to the Caribbean markets. The business is 7 years old and sales are climbing. Deeper penetration of the Canadian and Caribbean markets and adding additional big-box distributors are both in the offing. Expansion of the product line will add to sales as well. The company does no advertising of its own, leaving that to its big-box distributors. The company enjoys a 75% gross profit margin and a $2.75 per sq. ft’ warehouse cost. Labor costs are very low, marketing costs are zero and shipping is by UPS and FedEx. The net profits in 2023 will climb and 2024 profits even more so. 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 a nine-thousand sq. foot warehouse in North Jersey. 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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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.