Midwest Flooring, Cabinets, Appliances, Counters Retailer & Wholesaler

Mid West

Seller Financing Available
Midwest Flooring, Cabinets, Appliances, Counters Retailer & Wholesaler

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$20,000,000

EBITDA:$1,600,000

FF&E:$800,000

Inventory:$1,800,000*

Established:N/A

*not included in asking price.

Midwest Flooring, Cabinets, Appliances, Counters Retailer & Wholesaler

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Business Description

The Company provides flooring, cabinets, appliances, and granite through retail sales and to home builders primarily through its two store locations. It operates from a sister owned showroom/warehouse (40,000 sq. ft) with a tentatively planned 18,000 sf expansion, and a secondary showroom (8,000 sq. ft.). Its primary markets are in the Midwest for new construction to home builders (50%) and retail sales (50%).

The Company employs 30 full-time non-union employees; this also includes 17 sales members and the owners. Management recently partnered with two marketing firms to formulate an annual advertising plan and to assist with online advertising.

The Company benefits from protected and exclusive territories for some of its primary suppliers, with whom the Company has elite status and has been nationally recognized supplier of the year in 2014 and 2015. The company has had the success they have had and are only open for business six days per week.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Employees:
30FTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Related party owned facilities for showrooms, warehousing, shipping and offices.
Growth & Expansion:
Strong Historical Sales Growth: Historical sales have grown from $5,812,000 in 2012 to $16,092,000 in the fiscal year ending December 31, 2015. Sales have grown consistently year over year in the historical period. 2016 estimate for gross sales is $20MM+.
Financing:
Negotiable
Support & Training:
As required.

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Chris Barnard

Business Listed By:
Chris Barnard

Marigold Resources

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Sponsoring Broker:
Todd McGreevy

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