103 Everett Street

Durango, CO 81303

About this property

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 for 2019 should be substantially more than it was in 2018 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.

Date Added
September 24, 2019
Listing Status
Active
Days On Site
81
MLS#
763301

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Other Business Opportunity
Sub-Type
Resale
Year
Garage
0
Pool
No
Story(s)
1
Property View
No
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$270,000 Active
0 Beds
0 Baths
6,500 SQFT

Presented By Coldwell Banker Heritage House

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Brokerage
Durango
(970) 259-3333
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Area Information

Durango In Town | La Plata County |

$ 270,000
This listing is play_arrow 34.5% lower than the average in the area
$ 412,450 in the area
6,500 SqFt
This listing is play_arrow 1105.9% larger than the average in the area
539 SqFt in the area
$ 42 $/SqFt
This listing is play_arrow 78.9% less than the average in the area
$ 197 $/SqFt in the area
81 days on site
This listing is play_arrow 71.1% below the average in the area
280 days on site in the area

Schools in the Area

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    Elementary School
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