Full-Service Flooring Contractor

Description:
The Company is a retail flooring Company that provides installation and restoration services primarily to residential customers. The Company has over 40 years of experience in its local markets.

Key Aspects:
• Adjusted EBITDA has grown at a compound annual rate (CAGR) of 15.2% from 2020 through the trailing twelve months (TTM) ending July 31st, 2024
• From 2020 through 2023, the Company has maintained an average gross profit margin of 41.0%
• The Company has approximately $697k in backlog as of July 31st, 2024
• In operation for over 40 years with an excellent reputation in its market for professionalism, quality products, installation, and service
• The Company has an extensive customer base, with no single customer accounting for more than 4% of total revenue in 2023
• The Company is a premier service provider for a national insurance agency
• Approximately 55% of the Company's sales are generated from returning customers or referrals
• Turnkey operation with only limited buyer management oversight necessary

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 expand the customer base
• Increase projects with homebuilders
• Add kitchen and bath design sales and services to broaden residential customer offerings
• Add design consultative sales personnel at both locations
• Establish after-sales services and standalone design fees to increase revenue
• Expand the number of retail locations throughout Florida

Headquartered:
• Southeast, US

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