Residential & Commercial Flooring Retailer / Installer
Under Contract
Financials
Asking Price of business :$1,650,000Included In Asking Price :Furniture, Fixtures & Equipment: $350,000. Inventory: $400,000
Asking Price Of Real Estate :$2,050,000
Annual Sales :$4,200,000 Cash Flow :$750,000
Summary Description
Entrenched as the premier local flooring company in one of New England’s most desirable markets, this well-established business offers a full complement of residential and commercial flooring solutions, including carpet, hardwood, tile, and vinyl. The business is turnkey, with a built-out showroom, curated inventory, and an experienced staff in a prime, heavily-trafficked location.
General Information
Year Established :2010Employees :12 FT
Facilities :Seller will transfer the entire inventory at close, included in the purchase price as working capital. The inventory will have a minimum value of $400,000. The seller owns the real estate out of which the company currently operates. The real estate is available for sale or lease. The property contains both the showroom and the warehouse used to operate the business. Additional assets included in the price are a well-maintained fleet of vans and equipment.
Business Location :Vermont
Market Outlook
Competition & Market :
The company has performed profitably in all years of operation due to its ability to control both the product sale and the installation of a project across a variety of customer profiles, including institutional clientele. Competition is mostly limited to national chain brands lacking the value of a local reputation, or niche flooring companies offering only wood flooring products to a subset of the addressable market.
Growth & Expansion :
Additional geographic market opportunities exist to both grow or expand. It has a strong position within one hour of its primary market. Expansion opportunities within geographic proximity to the company’s existing footprint include neighboring states, potentially supported by satellite location(s). The existing location has warehouse space that may be suitable for centralized distribution for a larger network of locations.
About the Sale
Financing :Anticipated Seller & Bank Financing TBD. Down Payment TBD. Working Capital Needed $250,000
Support/Training : Seller will provide transition training for a new owner.Reason for Sale : Retirement
Contact Information
Mike McCann
Maine Business Brokers
Phone: (207)775-1957
Email: .(JavaScript must be enabled to view this email address)
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