Business For Sale

Highly profitable Flooring Importer and Dist.

Madison, WI
Dane County


Asking Price: Annual Revenue:
$749,000 $1,307,846

Retail: Hardware, Bldg. Materials, Garden Center


Request More Information
Contact the Seller

RE: Highly profitable Flooring Importer and Dist. Broker: Mitchel Cox

Quick Facts

Asking Price: $749,000
Annual Revenue: $1,307,846
Net Profit: Not Disclosed
Cash Flow: $311,846
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 5
BBN Listing #: 686149155
Broker Reference #: 70041-79837

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

This flooring importer and distribution company was established in 2010 and specializes in selling value-added Luxury Vinyl (LV) products at competitive prices to flooring retailers, mainly located in the Midwest and Texas. The business is currently located in Madison, WI but it could be relocated. The company has been focusing on high quality value-added Luxury Vinyl (LV) products for almost three years and their business has exploded in growth. Minimal effort has been spent on advertising and marketing and sales surpassed the $1.0M mark in less than two years. Their customer base of flooring retailers is serviced by warehouses in Tulsa, OK and Madison, WI, and approximately 13 commission-only independent sales reps. The two owners work in the business part time. One focuses on operations and the warehouse in Madison and the other works from home, managing the independent sales force. Products are manufactured by a reliable company in China and its U. S. subsidiary. Product is often drop-shipped directly to retailers, minimizing the need for large amounts of inventory.

Because of low overhead and the use of a contract sales force, the company returns a high profit margin while still supplying high quality LV products at a low cost to customers. The streamlined operations also allow for a high degree of flexibility in responding to industry and consumer demands. Included in the sale is a mobile-based, industry specific POS software system allowing for full remote management and operations capabilities. The owners are ready to retire but would be willing to stay with the business on a contract basis to insure a smooth transition.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Demand for LV products remains extremely strong as the category grew 13.9% in 2015 ($2.724BB) and 15.5% ($3.146BB) in 2016, according to Floor Covering News. Industry pundits expect annual sales to continue this double-digit annual increase with estimated annual sales of $5BB by end of 2019.

Market Competition and Expansion:

Business could be grown substantially by adding addition product lines. Very little advertising has been done, relying on word of mouth. Changes to the distribution/sales channels are also a growth area.

Reason for Selling:

Retiring

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!