Retail & Wholesale Flooring Business for Sale

Seller Financing Available

Stock Photo
Asking Price:$1,600,000
Gross Revenue:$4,000,000
EBITDA:$300,000
Real Estate:$3,000,000
Cash Flow:$800,000
Inventory:$750,000
FF&E:$500,000
Established Year:1986
BUSINESS DESCRIPTION

A fast growing vertically integrated flooring business operating in the northeastern United States.
Current owner has designed a very scalable business model which incorporates wholesale distribution, retail sales, interior design & installation all under one roof.
Sale includes all equipment including vehicles(cars & trucks), forklifts, flooring related tools....etc. Inventory sold separate(stock refreshed annually).
2022 sales $3.6M, 2023 sales $4M and 2024 trending +1% Mo/Mo as of 09/30/24. 3 year SDE margin running @ 22% of sales. Lots of upside still to be realized as the business is ready for expansion.
Under a separate agreement also available is a 7+ acre to include a +31,000 SqFt facility dedicated to the primary business and an additional self-storage facility with @ 120 individual units which generate $97K in top-line sales annually.
Of the total 7+ acres, an estimated 3 acres are underutilized and available for business or self-storage expansion.
The property includes additional benefits such as solar(offsets 20% of building power) and other sustainable aspects for later discussion.
Total land ask is $3M for a combined business & property transaction of $4.6 Million.
Seller willing to lease warehouse space to flooring business buyer if necessary to ease transition complexity.
Complete the attached NDA and return to ScottDumas107@gmail.com for more information.
All attached existing photo's are online stock photo's.


ATTACHED DOCUMENTS
Buyer NDA.pdf Download

DETAILED INFORMATION
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
31,000
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
31,000 SqFt combined showroom, office & warehouse. Includes forklifts, man-lifts, trade-related tools, trucks & other miscellaneous trade-related tools. Real estate includes an additional 122 self-storage units not included in the 31,000 SqFt warehouse nor business revenue calculation. This is essentially "gravy" above existing revenue numbers.
Competition
Seller completely dominates their existing market. Adjacent market has no single dominant player & Seller willing to assist with Buyers growth plan.
Growth & Expansion
Seller has a very minimal online presence and has avoided retail & installation expansion beyond a 60 mile radius. Seller has expressed interest in expanding with smaller retail establishments supported by the larger main distribution facility. 2024 sales to date have been exceeding that by 30% YTD 4/30/2024. Yes it is still available. Email NDA to ScottDumas107@gmail.com with "Flooring Company NDA" in the Subject Line and the below questions answered in advance.
Financing
Partial Seller Financing Available
Support & Training
Seller willing to stay-on as consultant as necessary for a smooth transition. If Buyer is absentee, will need to find a permanent manager for the business for Seller training.
Reason for Selling
Retirement
Report an Issue with this listing
profile-img
Scott
Dumas
logo-img
Scott Dumas