Hi Volume Flooring Company- Residential and Commercial

Pitt County, NC

GSM812
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Asking Price: $2,000,000

Cash Flow: $633,787

Gross Revenue: $3,214,266

EBITDA: $633,787

FF&E: $70,000

Inventory: $25,000

Real Estate: $920,000*

Established: 1998

*not included in asking price.

Hi Volume Flooring Company- Residential and Commercial

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Business Description

A fast-growing, lucrative, full-service provider of floor coverings in the commercial, residential, and retail market. Net profits up 25% in 2018! Sales up again in 2019.

This company excels in healthcare, banking, retirement, high-end new construction, educational, and retail in Eastern North Carolina. Excellent staff in place.

Products include: Carpet, Tile, Hardwoods, Bamboo, Laminate, Cork, and Vinyl.

Additional Services include: Custom Bath & Showers, Interior Decorating, and personalized Kitchens.

KEY FEATURES:
• 70% commercial / 30% retail revenue mix.
• 75% percent of annual sales is repeat business.
• The only store in the area with a huge selection of mid- to high-end floor covering; catering to homeowners.
• Company has built a reputation for exceeding expectations on even the most demanding of jobs.
• New products/services planned within the next 12-24 months include: New carpet, ceramic, and LVT lines. Expanding vinyl-wrapped stairs.

SBA Bank financing available for qualified buyers.

For more information contact Jim Kniffen at Gulfstream Mergers & Acquisitions (704) 892-5151.

Attached Documents


Detailed Information

Location:
Pitt County, NC
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
8,000
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8,000 square feet fully furnished store and warehouse with delivery trucks, forklifts etc. Built in 2014, designed and laid out specifically for the business it is owned by Sellers
Growth & Expansion:
This company is growing and very profitable.
Support & Training:
Seller will train, experienced staff in place.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Jim Kniffen

Business Listed By:
Neil Boyles

Gulfstream Mergers & Acquisitions

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