Business For Sale

Manufacturing: Wood, Stone, Concrete


Premier Custom Flooring Manufacturer in LA

Los Angeles, CA

Asking Price: Annual Revenue:
$695,000 $1,260,000

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RE: Premier Custom Flooring Manufacturer in LA Broker: Vasilis Georgiou CrossRoads Business Brokers, Inc.

Quick Facts

Asking Price: $695,000
Annual Revenue: $1,260,000
Net Profit: $210,000
Cash Flow: $210,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1997
Employees: 10
Listing Number: 449831864

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Business Overview:

Twenty-year-old manufacturing business, offering custom hardwood floor product lines with access to high quality raw materials, allowing for the ability to deliver distinguished woodworks in the luxury hardwood flooring arena at competitive pricing. The business operates out of an 11,500 Square Feet facility (4,000 Square Feet Manufacturing, 5,000 Square Feet Warehousing, and the rest office space).

The company’s primary points of differentiation revolve around its custom and finishing capabilities. Its private label brand increases customer loyalty, and profit margins. The business also carries a line of exclusive finishes and adhesives. Inventory needs to be purchased separately.

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Property Features and Assets:

The company is able to achieve high levels of quality control to meet Clients’ desired products, as the work is mostly done by hand and is closely inspected with great deal of care placed into the production of every order. The business also obtains their materials from sustainable sources. Products are all Certified Sustainable and are eligible for Lead Point Credits. The adhesive systems they use to assemble their engineered wood products use state of the art adhesive bonding formulas that are strong and resilient. The component adhesive systems are E-1 rated and CARB II compliant.

Market Competition and Expansion:

The Company has a strong & diverse customer base. Its customers come from the LA area (60%) and out of state (40%), and typically fall into one of the following categories: Retailers, Designers, and Contractors. The owner is selling for personal reasons but will assist during a transitional period. The Caregivers and staff, all of which are W2 employees, are available to work with a new owner. The global market for wood flooring is expected to rise nearly 7% per year through 2020, according to Technavio. Leading countries for wood flooring manufacture include Canada, China, and the US. The US wood flooring manufacturing industry includes about 90 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $2.6 billion.

Reason for Selling:

Retirement

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 not a franchise resale opportunity.

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