103 Everett Street Durango CO Real Estate
The Tile & Carpet Store Durango is a family owned and operated flooring business and is a great opportunity for the buyer that wants to purchase a business and avoid updating and restructuring their new purchase. This business opened in 1989 and was purchased by the current owner in 2014. At that time the business was moved to a 6500 sq ft building that was completely gutted and totally remodeled creating a 3500 sq ft showroom and a very efficient 3000 sq ft warehouse. Since that time office equipment, computers and software (QB Premier 2017) were also updated. All displays are fresh and represent 60 quality vendors for carpet, wood and tile including two distributorships and several exclusive lines. The friendly, service oriented staff is educated, technically trained and cross trained to minimize disruption on vacation and sick days. There is also a new professionally designed website with a broad social media presence. This business has a loyal customer base that includes prominent builders, installers, property managers and designers. To create more 'add on' sales an in-store credit card was added, offering special financing. The inventory averages $90,000 and has minimal obsolescence. This business sits on about an acre with an abundance of parking and room for semi deliveries and is located once block from a US Hwy and adjacent to a shopping plaza. There is a very reasonable lease that runs through 09/2020 with the option to renew. They recently signed contracts with a management company for 2 large apartment complexes and a government housing authority for approximately 70 units so the income has increased with these new contracts in place. There is also an opportunity to purchase the real estate which would be separate from the purchase of the business. You can really enjoy life in this small upscale town with a growing economy and incredible amenities. This business is being sold to pursue the expansion of another business.