Multi-Store Suppler and Installer of Carpet and Other Floor Coverings

CA

Seller Financing Available
Carpet & Floor Coverings
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Asking Price: $2,250,000

Cash Flow: $553,000

Gross Revenue: $7,590,000

EBITDA: N/A

FF&E: $130,000

Inventory: $649,000

Established: 1991

Multi-Store Suppler and Installer of Carpet and Other Floor Coverings

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Business Description

A well respected floor covering supply and installation business, which consistently generates over $7.59 Million in annual sales revenue and over $550K in net profitability is now available. This business specializes in providing high quality carpeting and flooring covering products and installation services for its clientele in the very high growth new home construction and home remodeling market sectors.

Like all similar businesses in California, this company had to cease public operations during the initial period of the Covid19 pandemic. However, since the company resumed operations, sales have been robust as more people are spending more time at home and want to improve their home features. Because of exceptionally heavy demand for this company’s products and services, 2020 sales are projected to approximate 2019 despite the pandemic temporary shutdown. This company is located in an area that’s now booming in its market sectors with solid continued growth being projected per annum for the next 10 years. The growth potential for this business is considered exceptional.

Detailed Information

Inventory:
Included in asking price
Employees:
21 FTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates with three retail showrooms that includes warehousing facilities as well as a Main Service Center location.
Competition:
The primary competition comes from Home Depot and Lowes, and some limited competition comes from a few smaller companies in the area. However, this company’s well-established, excellent 30-year reputation for offering a wide selection of quality products at fair prices, and having employees with expert knowledge, has yielded a loyal repeat customer base and on-going referrals and separates this company from its competition. Related to this is its affiliate membership in the largest flooring co-op in the flooring industry, which gives this company a pricing/service advantage that its competition cannot match.
Growth & Expansion:
This company has the potential to enter the “Kitchen and Bath” Market with significant support available from the affiliated co-op organization, which would provide this company the opportunity to establish itself as a “one-stop-shop” to the entire Home Improvement Market. These new product lines would be an exceptional expansion opportunity for the new business owner.
Financing:
The Seller may provide some financing to a well-qualified buyer
Support & Training:
Besides the highly competent staff, the Seller will provide a new owner with a reasonable amount of time for training and transition support. In addition, the affiliated co-op provides its members with considerable marketing and product support and access to many other valuable resources.
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Phil Holt

Business Listed By:
Phil Holt, DRE #01731143

Sunbelt San Francisco

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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Ad#:1786632

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