ESTABLISHED FLOORING COMPANY IN TEXAS TRIANGLE

The business has enjoyed great success by providing high quality products and services for over 20 years with repeat clients.

General Information

Description:

Located in the most compelling growth corridor of the Texas Triangle, the business has enjoyed great success by providing high quality products and services for over 20 years with repeat clients. The showroom was recently remodeled and has a wide variety of samples to choose from. The business sells and installs a variety of flooring products: Carpets, Vinyl, Ceramic, Laminate, and Wood. The owners have also strived to diversify the business and not be dependent on any one industry and have customers in the following categories: Commercial Construction, Residential remodeling (GCs and Interior Designers), Insurance/Restoration, and new home construction with custom builders (not production). The business comes with tenured, successful salespeople in place. Generous commissions are earned by the experienced salespeople that follow the client from start to finish acting as project managers. They have different areas of specialization so work somewhat independently but well as a collective team. The owner is selling for retirement reasons but is willing to provide a reasonable training and transition to the new owner depending on the level of related industry experience. Included with the sale is a meaningful non-compete and non-solicitation agreement. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.

Financial Information

Asking Price:

Negotiable

Down Payment:

Annual Receipts:

$3,675,00 (TTM)

Cash Flow:

$405k (TTM)

Mortgage

Seller Financing:

Depends on structure and offer price

Franchise:

No

Home Based:

No

Relocatable:

Yes

Year Established:

pre 2000

Year Acquired:

Employees:

Mix of Empl and 1099

Building Information

Building Sq. Footage:

Monthly Rent:

$10,500 /mo

Real Estate Available:

No