Business Overview:
For almost 40 years, this flooring retail and installation company has provided quality products and services to the metropolitan Richmond market. This company offers all types of flooring from hardwood to carpet, and even the latest composites and laminates. The company uses experienced, trusted sub-contractors to provide the highest quality installation services at affordable rates. Focused primarily on the residential renovation market, the company also does some small commercial jobs and works with General Contractors across the region. Business is booming and jobs are currently booked 8-14 weeks out!
The sellers are ready to retire, but will work with the new owner to ensure a seamless transition.
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Property Features and Assets:
The company operates from a 5,100 square feet facility with a 3,400 square feet warehouse serviced by a large loading bay. The 1,700 square feet showroom provides an exceptional space to help customers make the right decisions and design their dream floor.
Assets = $23,227
Market Competition and Expansion:
The COVD 19 pandemic has sparked a wave of renovation in the residential housing market. Homeowners want high quality, innovative flooring solutions and are turning to recognized experts for advice. The company competes easily with the big-box retailers (e.g. Home Depot, Lowes) on price and quality.
The current owners have chosen to keep the business small and manageable, but there is ample opportunity to expand their residential business through advertising, and grow the commercial side as well.
Reason for Selling:
Owners are 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.
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