Successful Flooring Contractor of Four Decades! (37974)

Seller Financing Available

Situated in Northeast Texas, this flooring business targets residential and light commercial projects, working with builders or directly with owners. As a full-service company they coordinate with clients for orders, delivery and installation of materials. Carrying popular name brand products like Mohawk, Shaw, Armstrong, Daltile and Karndean they offer carpet, hardwood, ceramic, luxury vinyl, and decorative backsplash mosaics. The owner comes into the office twice weekly to sign paychecks and keep a pulse on the business as management and support teams run the day-to-day operations. The cross-trained personnel include eight nonunion workers and for installations, 1099 subcontractors. The seller is available for a standard transition cycle of six months. The company is looking at larger locations to accommodate their growth. The current workplace is a pairing of facilities totaling 12,500 square feet that features a storefront plus showroom area of 8,000-sq.ft. leased for $9,358 monthly. The facilities are in great condition with item displays, client areas and office space. The property rent is locked into 2025, while a separate tenancy is held at $1,934 monthly until 2024 for an inventory & shipping warehouse of 5,000-sq.ft. Thanks to promising growth, revenues last year totaled $3,763,541 alongside Discretionary Earnings of $289,618; sales projections up to $4 Million for 2023! Besides an active website, engagements on social media and ongoing advertising programs, verbal referrals from a large and recurring customer base help back marketing efforts. Receivables, Deposits and Payables to be negotiated at time of purchase.