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Successful Flooring Contractor of Four Decades! (37974)


Situated in Northeast Texas, this flooring business targets residential and light commercial projects, working with builders or directly with owners. As a full-service company they coordinate with clients for orders, delivery and installation of materials. Carrying popular name brand products like Mohawk, Shaw, Armstrong, Daltile and Karndean they offer carpet, hardwood, ceramic, luxury vinyl, and decorative backsplash mosaics. The owner comes into the office twice weekly to sign paychecks and keep a pulse on the business as management and support teams run the day-to-day operations. The cross-trained personnel include eight nonunion workers and for installations, 1099 subcontractors. The seller is available for a standard transition cycle of six months. The company is looking at larger locations to accommodate their growth.  The current workplace is a pairing of facilities totaling 12,500 square feet that features a storefront plus showroom area of 8,000-sq.ft. leased for $9,358 monthly. The facilities are in great condition with item displays, client areas and office space. The property rent is locked into 2025, while a separate tenancy is held at $1,934 monthly until 2024 for an inventory & shipping warehouse of 5,000-sq.ft. Thanks to promising growth, revenues last year totaled $3,763,541 alongside Discretionary Earnings of $289,618; sales projections up to $4 Million for 2023! Besides an active website, engagements on social media and ongoing advertising programs, verbal referrals from a large and recurring customer base help back marketing efforts. Receivables, Deposits and Payables to be negotiated at time of purchase.



Listed By: Flavia Milano

Background information

Seller Number:

37974

Year established:

Founded in 1980; Acquired 2019

Reason selling:

Acquire new businesses.

Finance

Sales:

$3,763,541

Profits:

$289,618

Profit type:

Discretionary Earnings

Operations

Employees:

8 nonunion and 1099 subcontractors.

Equipment:

$14,000

Inventory:

$350,000 allocated for projects.

Premises

Facility:

Second warehouse of 5,000 square feet is leased for $1,934

Square footage:

12,500+/-

Rent and lease terms:

Holds a tenancy for $9,358 monthly.

Location:

Business can be fully Relocatable.

Opportunities

Market:

Website, Social Media, and Referral Sources.

Price and terms

Price:

$825,000

Financing:

Standard SBA-term financing will be negotiable for qualified buyers.

Owner Transition:

Cross-trained personnel for a standard acclimation period of 6 months.