Wholesale Hardwood Floor Distributor

Fife, WA
Pierce County


Asking Price: Annual Revenue:
$650,000 Not Disclosed

Wholesale/Distribution: Durable Goods


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RE: Wholesale Hardwood Floor Distributor Broker: Richard Hull

Quick Facts

Asking Price: $650,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $67,249
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 4
BBN Listing #: 130059954
Broker Reference #: 37645-735412

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Business Overview:

Wholesale distributor to construction contractors and builders carrying a variety of products including high quality imported hardwoods and stair parts to match the flooring as well as other related products such as floor finishes, stains and abrasives for the industry. The flooring portion represents approx. 80% of the total sales. One third are the exotics imported from South America and two thirds are French & European Oaks.

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Property Features and Assets:

This company was founded in 1995 and initially imported wood products, primarily flooring from Canada. The DBA was created in May 2000 and specialized in exotic hardwood flooring from South America and did the wholesale distribution including marketing. In addition, we import floor finishes from Germany and other products related to the hardwood flooring industry. During the recession 2008 - 2010, the company scaled back but were still able to stay profitable. The market changed after the recession and the company diversified the business by introducing new products. One of the items was the French / European Oak, engineered wide plank flooring. This has been successful to this day, importing most of the products directly from a manufacturer in Indonesia. At the present time the French/Euro Oak plank flooring represents about 65% of the flooring sales, the remainder still is the exotics from South America. The business has always been in the custom stair-parts to match their flooring selections. The company has the largest inventory in the pacific Northwest. As the housing market is exceptionally strong, the business is growing at a steady pace keeping up with the demand of renovations/remodels and new home construction. Approximately 11,000 sq ft warehouse with office space and showroom.

Market Competition and Expansion:

There are currently four other hardwood flooring distributors in the area. The out of state companies play an insignificant role in competition. While all the other distributors are involved in commodity products, we are more specialized in medium to high-end products. As the only distributor importing directly, the company works with higher profit margins. Working closely with architects and interior designers, products are specified to clients for quality and design integrity. The current industry overview reveals the housing market in the Pacific Northwest as very strong and will continue to be strong for the foreseeable future. There is a high demand for new houses as more people move into the area. The business will benefit from this trend and should continue to see a high demand for hardwood flooring sales and profits increase.

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.

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