Business for Sale Overview:
Premier floor coverings supplier and installer for new construction and remodel projects in its local, surrounding area. Company founded over thirty (30) years ago and still owned by founder’s family. Strong local brand. The company has excellent, long-term relationships with its suppliers and buys in significant volume, which enables competitive customer pricing on a broad range of flooring products. Its large, stable installation crews provide prompt, quality customer service. The company is the largest supplier to all the major builders in the area and has earned a 30% market share. Strong balance sheet, 4:1 current ratio, no long-term debt.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business is operated from a 35,000 Square Feet, upscale retail showroom and warehouse facility located on three (3) acres in the Eastern, Mid-Atlantic US. The company operates
forty to fifty (40-50) vehicles, consisting of delivery trucks, personnels' automobiles and warehouse forklifts.
Market Competition and Expansion:
The floor covering industry in the US is comprised of 700 manufacturers, 4,000 wholesalers and 15,000 retailers. Combined, annual end-user sales are $25 billion. The industry is highly concentrated at the manufacturing end, with the four (4) largest companies controlling 75% of the market. However, there is high fragmentation at the retail end, with the fifty (50) largest companies controlling only 10% of the market. The Company has “preferred supplier” status with the top new home and commercial contractors in the geographic area.
Reason for Selling:
Retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.