LISTING DETAILS
Listing Status: New
Asking Price: $1,350,000
Total Sales: $2,496,371
Cash Flow: $492,192
Real Estate Asking Price: N/A
FFE Included in Sale: Yes
Year Established: 2012
Employees: 2
Description
Business Summary:
Excellent opportunity to purchase one of the top hardwood flooring contractors in Northern Virginia. The business was established in 2012 and has become a trusted provider of flooring installation, restoration, and repair services. The company also offers stair and rail refinishing, wood stair installation, and custom floor design services. In addition to hardwood flooring, the business also installs a variety of popular engineered wood and luxury vinyl flooring.
The day-to-day operations are currently handled by a two-person team with one overseeing sales, estimates, and project management and the other handling inbound leads (web/phone), job scheduling, invoicing/billing, and office management. The on-site work is completed by a subcontractor team that has been working with the business owners for many years. The model is relatively low overhead in terms of equipment and inventory as inventory is ordered and shipped to job sites as needed. The combination of industry knowledge, experienced ownership, and market presence has enabled the business to produce impressive annual revenue and cash flow numbers.
The client base consists of both residential and commercial accounts. The business has a modern/informative website which generates leads and with over a decade serving Northern Virginia they also attribute fair amount of business to referrals, word of mouth, and repeat customers. The business has an excellent online presence with a very high composite review score across the well-known online review platforms. Don't miss the chance to take over a well-run business with an excellent reputation in a prime market!
Description of Facilities: The business operates out of a home office and can easily be relocated anywhere in the service area.
Competition: There is standard competition for the industry/market, but this business stands apart from many competitors due to their reputation and long established presence in the area.
Growth & Expansion: There is room for a new owner to grow and expand the business. The owners currently invest in advertising and marketing to create awareness of the business, but those efforts could be expanded upon. A new owner could also bring on sales/estimator team members to focus on increasing the number of jobs handled each year.
Seller Financing Available: Yes
Seller Financing Terms: Owner is open to offering some finanacing based on the final deal terms, purchase price, and buyer qualifications.
Reason for sale: Owner is retring.
Training & Support: Seller will provide necessary training and transitional support.
For more information on this listing, please complete our Buyers Package starting with our Non-Disclosure Agreement
