Established Hardwood Flooring Business

Not Disclosed, VA

Hampton Roads


Asking Price: Annual Revenue:
$249,500 $693,641

Services: Construction, Contractors


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RE: Established Hardwood Flooring Business Broker: Frank Chebalo

Quick Facts

Asking Price: $249,500
Annual Revenue: $693,641
Net Profit: Not Disclosed
Cash Flow: $183,080
Total Debt: Not Disclosed
FF&E: $55,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 4
BBN Listing #: 58774955
Broker Reference #: 2007-16948

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Business Overview:

Skilled flooring experts operating over 40 years servicing the Hampton Roads area of Virginia. Skilled in both residential and commercial spaces no job is too big or complicated as this team of craftsman have seen and done it all. The amount of work coupled with the skill set internally has set this business apart from the competition and word of mouth over the years has allowed the business to continue to grow and excel even through our recent pandemic.

The business is centralized in its location with a convenient showroom for customers, office space, and a warehouse area used to store product, equipment, and inventory. The facility in total is 2,020 square feet and the property is available for purchase asking $149,500. Or alternatively, a buyer may elect to lease the property. All the equipment required to perform the work conveys in the sale along with four vehicles used to transport product and equipment.

The business has a large customer base coupled with an excellent reputation. Last year’s performance (2021) was excellent and 2022 looks even stronger as the business activity is increasing along with the increased demand for residential home improvement projects. And now is especially a favorable time for additional growth in the residential and commercial space by expanding services to include other types of flooring; namely, carpet, laminate, and vinyl. However, these owners find themselves at a time in their career where retirement is front of mind. Their desire is for the business to propel forward under new leadership and will provide adequate training and transition for a buyer candidate.

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Property Features and Assets:

Centrally located, the facility in total is 2,020 square feet including warehouse and office space. The property is available for purchase asking $149,500. Assets = $55,000

Market Competition and Expansion:

The marketplace has competition. There are hardwood floor installation service businesses in the Hampton Roads marketplace. This business has an outstanding, highly regarded reputation and quality staff as compared to others in the marketplace. The business effectively competes and has sustained a consistent customer base for over 40 years. This is especially a favorable time for additional growth in the residential and commercial space by expanding services to include other types of flooring to include carpet, laminate, and vinyl.

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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