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HUGE Price Drop- Landmark South Jersey

Atlantic County, NJ, USA
Listed 55 days ago
Established 1972

This 50-year-old landmark well-known tile business is now the best value on the market in the tri-state area. The business list price of $395,000 includes a minimum of $300,000 in inventory. The real estate is now listed for $795,000 and was appraised in 2024 for over $1.2 million! The owners are ready to retire and are obviously motivated but will stay on for an extended period of time to help with the transition. The growth potential for this company is extremely strong with some young modernization energy and a sales focus shift to builders and contractors. There would some seller financing available on the business side for fully qualified buyers. Don't waste any time on this as it will go quickly. Please put an inquiry in or email Tom Covello at [email protected] for the NDA and all of the information.

Employees

15

Trading Hours

Mon - Fri (8:00 am - 5:00 pm) Sat (9:00 am - 1:00 pm) Sun (Closed)

Premises Details

Facilities: Property is owned by the Seller

Support & Training

Number of Weeks Seller Will Offer Training: 3

Inventory / Stock Value

$300,000 - included in the asking price

Reason for Selling

Retirement

Financials

Asking Price
$395K
RevenueMost Recent Year
$2.7M
Earnings (SDE)Last Reported
$280K
Assets Value
Undisclosed
Seller Financing
Not available

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