Profitable Growing Floor Covering Company

Not Disclosed, NC
Guilford County

Asking Price: Annual Revenue:
$125,000 $542,712

Services: Construction, Contractors

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RE: Profitable Growing Floor Covering Company Broker: Brian Joyce

Quick Facts

Asking Price: $125,000
Annual Revenue: $542,712
Net Profit: Not Disclosed
Cash Flow: $56,380
Total Debt: Not Disclosed
FF&E: $4,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 1
BBN Listing #: 12954955
Broker Reference #: 1308-16577

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Business Overview:

Excellent opportunity to buy a rapidly-growing, profitable, well-branded floor covering business for less than the cost of opening a new territory. The company has grown from opening the doors to over a half million dollar business in just two years and has entered the profitable phase. As part of one of the most well-known flooring franchises in North America, the company enjoys access to the best training, marketing and support programs in the industry. Acquisition includes a spotless online reputation, experienced field staff, plus proven marketing and sales strategies. New owner can choose to maximize profitability by performing estimating functions and directly managing crews, or invest in growth by cultivating designers, developing commercial relationships and serving in a more executive role. Limited inventory, vehicles and/or equipment required.

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Property Features and Assets:

The company leases an office space conveniently located next to a major interstate. Space can serve as a combination office and client showroom. Assets = $56,380.

Market Competition and Expansion:

According to IBISWorld, the $29.2 billion floor installation industry is projected to grow by more than 8% in 2021. Historically strong housing markets and low interest rates are fueling unprecedented demand. Competition is extremely fragmented. Seller estimates that no major players in the Piedmont Triad hold more than 10% market share. Demographics of the company's protected franchise territory can support substantial growth as the industry is extremely fragmented and the Seller estimates that no single competitor owns more than a 10% market share. The company has also yet to tap the commercial or property management sectors.

Reason for Selling:

Seller accepted an unexpected corporate job opp.

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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