Description:
The Company is a retail flooring provider that offers installation and restoration services primarily to residential customers. The Company has over 40 years of experience in its local markets.
Key Aspects:
• From 2022 to 2024, the Company averaged approximately $563k in adjusted EBITDA and maintained an average gross profit margin of 42.2%
• As of December 2024, the Company has a backlog of approximately $1.08M.
• In 2024, the Company served an extensive customer base, with no single customer accounting for more than 4% of total revenue.
• Approximately 70% of the Company's sales in 2024 came from returning customers or referrals.
• With over 40 years in operation, the Company has built an excellent reputation in its market for professionalism, quality products, installation, and service.
• The Company is a premier service provider to agents of a national insurance company.
• The business operates as a turnkey operation, requiring only limited buyer management oversight.
Opportunities:
• Add builder and remodeling sales personnel at both locations to expand the scope of customer reach.
• Implement sales and marketing efforts in the commercial sector to broaden the customer base.
• Increase projects with homebuilders to drive growth.
• Add kitchen and bath design sales and services to enhance residential customer offerings.
• Add design consultative sales personnel at both locations to provide personalized services.
• Establish after-sales services and standalone design fees to generate additional revenue.
Headquartered:
• Southwest, Florida
Current Markets:
• The Company serves customers with a focus on residential and restoration related projects in its local markets.
Real Estate:
• The Company operates from four locations totaling approximately 29,210 sq. ft., encompassing two retail stores and two warehouses, both of which includes office space.
• All four locations are leased from unrelated third parties.
Shareholder Ownership:
• Ownership is seeking to sell the Company, which is a wholly owned subsidiary of the parent company that is located in the Midwest, US.
• Seller's executive management is willing to consult with the Company for a predetermined transition period.
Ad#:2345665
