MergerPlace

Well-Run Flooring and Remodeling Company

North Carolina


  • Asking Price: $1,567,000
  • Gross Income: $6,885,046
  • Cash Flow: $645,054
  • Real Estate: $855,000
  • Inventory: $50,000
  • FF&E: $500,000
  • Listing ID: #226599
  • Established: 1994
  • Employees: 39 FT/2 PT

Business Description

Well-established and profitable flooring services (carpet, vinyl, tile, laminate, pre-finished hardwood, and sand & finish hardwood) and home renovation/remodeling company with a 25-year plus track record! Enjoy a well-developed local reputation coupled with sales, service, and installation capabilities to serve large commercial accounts and consumers alike.

The Company is positioned to serve multiple metro areas. It has a strong brand name and market presence, proven sales and marketing programs, all of the equipment and vehicles necessary to serve the customers, and experienced managers, sales team, and installation crews. This is a turnkey acquisition.


The property is available for purchase for $855,000 or lease for $77,000 per year, payable monthly, NNN. The above financials included a $77,000 per year rent charge. The SDE, if the property is purchased, would be $722,052.

Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (approximately 3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.


Business Details

Primary Business Category: Construction - Building, Developing
Location: North Carolina

Company Information

Year Established: 1994
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 39 FT/2 PT

Financial Information

Asking Price: $1,567,000
Gross Revenue: $6,885,046
Cash Flow: $645,054
FF&E: $500,000
Inventory: $50,000
Real Estate: $855,000
Seller Financing Available: Yes

Property Information

Facilities:

Approximately 12,000 square foot office, showroom, and warehouse facility on 3.0 acres.

Growth & expansion opportunities:

Significant opportunity to expand geographically and through more aggressive online and other direct marketing initiatives.

Competition:

The Company competes with other flooring and remodeling companies, but few have the depth and breadth of product.

Reason for selling:

Retiring.

Support & Training:

Willing to train for 4 weeks @ $0 cost. The Company sells, services, and installs carpet, vinyl, tile, laminate, prefinished hardwood, sand & finish hardwood, cabinets, countertops and backsplashes, as well as offers home renovation/remodeling for kitchens and bathrooms.

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Business Listed By:

Ron Buck

Murphy Business Brokers