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Established Rug Gallery with REPEAT Customers!

Shelby County, TN
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Asking Price:$260,000
Gross Revenue:$250,000
FF&E:$7,500
Cash Flow:$86,000
Inventory:$250,000
Established Year:2003
Listing ID: 2253878Listing provided by BizBuySell
BUSINESS DESCRIPTION

A well established 20+ year business selling both fine handmade and machine made rugs from around the world, as well as a rug cleaning and repair service. It is on a very busy street in a wealthy area of East Shelby County with little to no competition close. The rent is a reasonable rate for 1700 sq ft. This rug business has a loyal clientele, including interior designers, who use their products and services. There is tremendous upside opportunity to grow this business both locally and online. The owner is willing to stay on for 2 weeks to assist in any training necessary to run the business. Call or text Dean Jones today for more information.

DETAILED INFORMATION
Location
Shelby County, TN
Inventory
Not Included in asking price
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
It is a rented 1700 sq ft in a strip center on a busy street in East Shelby Co. There are many stands and hanging racks in the store to display its appr. 250k in inventory.
Competition
The store is in an affluent area of East Shelby County where there is little to no competition dedicated to selling fine rugs.
Growth & Expansion
There is little being done in marketing or advertising currently and no website or online presence. Those two areas alone can offer a tremendous opportunity to grow the business.
Support & Training
The owner is willing to stay on 2 weeks to assist in any training necessary to run the business
Reason for Selling
Retirement
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DEAN
JONES
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DEAN JONES
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