Wood & Athletic Flooring Contractor Mid-Atlantic Region, US

MD

Wood & Athletic Flooring Contractor Mid-Atlantic Region, US
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $5,800,000

EBITDA: $650,000

FF&E: $200,000

Inventory: $150,000*

Real Estate: $1,500,000

Established: 1950

*not included in asking price.

Wood & Athletic Flooring Contractor Mid-Atlantic Region, US

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Business Description

The Company is a full-service flooring contractor with a focus on wood and synthetic athletic flooring; however, it strives to meet all of the customers’ flooring needs, from dance studios and stages to running tracks and multipurpose areas. It primarily offers commercial services, including cleaning, sealing, finishing, customized colors/finishes, floor installation, and floor materials. The Company also provides waxing, sanding, and finishing for all types of wooden flooring.
Customers are schools (60% of 2015 revenue), universities (20%), religious organizations (10%), and private companies and individuals (10%). Revenue growth has primarily been driven by repeat customers and satisfied client referrals. The Company employs three full-time and one part-time sales representative. It operates from a leased, 19,000-square foot warehouse/office facility, and is currently staffed by 23 full-time and 1 part-time, non-union employees.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
24
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Superior Name and Reputation: In business for over 60 years, the Company has built substantial goodwill by providing quality products and excellent customer service. Management credits reputation and established strong customer relationships as the two most critical factors contributing to the Company’s historical success. Low Employee Turnover: The average length of time an employee has been with the Company is 15 - 20 years, and it maintains a retention rate of over 75%. Some employees have been working at the Company for 35 years, and several are second generation. Annuitized Revenue Stream: The Company has 3-year contracts with 4 different school boards that comprise approximately 25% of its historical revenue.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Ahmad Behjati

Business Listed By:
Ahmad Behjati

abehjati@generational.com

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