Lucrative Flooring Company

Not Disclosed, NY


Asking Price: Annual Revenue:
$353,855 $1,010,966

Services: Home Improvement, Repair, Painting


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RE: Lucrative Flooring Company Broker: Seller of Business

Quick Facts

Asking Price: $353,855
Annual Revenue: $1,010,966
Net Profit: Not Disclosed
Cash Flow: $135,644
Total Debt: Not Disclosed
FF&E: $45,341
Real Estate: Not Disclosed
Year Established: 1997
Employees: Not Disclosed
BBN Listing #: 348453282
Broker Reference #: Not Disclosed

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Business Overview:

This flooring company offers beautiful and exquisite flooring options of a wide variety. Ranging from carpet, luxury vinyl, hardwood, tile, laminate to even more options. The company has a long history of providing excellent service and delivering unbeatable prices. They service both residential and commercial markets, rendering them versatile and competitive. They have been in service for over twenty years and exclusive brand deals with manufacturers, positioning them in a favorable situation when it comes to marketing and brand recognition.

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Market Competition and Expansion:

Carpet and Flooring companies like this one depend on the growth of both residential and commercial markets. Based on the past five years the value of residential construction, it is expected to grow at an annualized rate of 1.5%¬-- offering an abundance of opportunity for industry services. Furthermore, there has been rising investments in housing stocks benefitting flooring installers tremendously. The industry is expected to see a 2.4% increase in revenue despite the global pandemic by the end of 2020. Additionally, according to reports from Market Watch, the global carpet market is expected to increase at at a CAGR of roughly 2.6% over the next five years, and will reach $241,400 million USD in 2024, compared to the $212,300 million USD in 2019. This company will surely follow suit and parallel this growth trend.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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