Wholesale Rug Distribution Business in New Jersey - 35880

Financing

$200,000 Down and

Business Description

A Passaic County e-commerce distributor of rugs and carpets is available at an incredible price. 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 8 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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