This account-based flooring business specializes in the COMPREHENSIVE DESIGN, Sale and installation of flooring products including vinyl flooring, linoleum flooring, laminate flooring, bamboo flooring, hardwood flooring, carpets, rugs , tile and granite. The business has an excellent and long standing reputation for providing superior quality flooring products and services. The business serves a wide customer base comprising commercial accounts, new residential construction, multifamily and insurance claims. Highly knowledgeable and experienced staff has been able to establish a distinguished reputation in its market niche.
Excellent reputation for providing superior quality flooring covering products
Well established market niche
Extremely loyal Account based customers
High customer referral and retention rates of close to 90%
Growth opportunities exist in increasing business development through marketing activities and expanding storefront, as well as expanding product and service offerings
Current high income is with a semi absentee owner
Approximately $100,000 of inventory included in asking price
Very progressive business with sales growth each year
One of the most active markets in the country forecasted at 30% grown in the next 3 years. Seller has other business interests to which they would like to devote more time and energy. This business has many effortless growth opportunities. A new owner could easily open up the retail side of the business and expand without much effort.
Key employees (including General Manager) have agreed to stay on if needed by new owners. With a full-time owner/operator, payroll expenses could be greatly reduced thus increasing SDE.