71142-Successful Residential and Commercial Flooring

KY

71142-Successful Residential and Commercial Flooring

Asking Price:N/A

Cash Flow:$127,000

Gross Revenue:$1,635,000

EBITDA:$40,000

FF&E:$65,000

Inventory:$110,000

Real Estate:$600,000

Established:1991

71142-Successful Residential and Commercial Flooring

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Business Description

All inclusive! Located in western Kentucky, this business is a retail operation specializing in residential and commercial flooring. The company offers a basket of flooring products which include carpeting, hardwood, tile, sheet vinyl and ceramic and porcelain tile. Currently, 50% of the company’s products are sold to residential clients including both individual homeowners and home builders while 30% of products, are sold to business owners and property managers. In addition, 15% derives from sales to city, county, state and federal governmental agencies including the military. 5% Company’s products are sold to educational institutions such as local schools and universities. According to the owner, an opportunity exists to expand in any of these markets. The company has a proven track record, supported by testimonials written by customers over the years.

Established over 25 years ago, sales have been steadily increasing over the past 5 years, this trending pattern is expected to continue as they focus more on hardwood and ceramic tile flooring. Inventory is purchased in bulk during discount seasons for the best return on investment. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones. The company’s mission is to provide a high quality product for a competitive price. They were recently voted the best of flooring in the area through a public poll. Falling into the price range of $1,000,000-$2,500,000, call Charles Olson 920-428-2894 Re: listing 71142.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The leased facility has a 6,000 square foot showroom, 2,500 square foot warehouse; 800 square foot office building and a 3,750 square foot detached warehouse. A purchase of the facility may be negotiable.
Support & Training:
The Company has 6 non-union employees who will most likely stay on after the sale. The Company’s CPA performs the payroll functions for the business. The owner will be available for a reasonable transitioning.
Reason for Selling:
Other interest.

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