Type: Established commercial business for sale
Category: Construction – Floor Laying and Other Floor Work
Financials
Asking Price: Not Disclosed
Gross: $2,520,351 (FYE February 2009)
Business Cash Flow: $359,154 (FYE February 2009)
Furniture, Fixtures & Equipment: $52,687 (included in asking price)
Inventory: $274,660 (included in asking price)
Summary Description
Family owned and operated - has specialized in wood floors for several decades. As a retailer/contractor, the Company offers many wood floor choices from repair and restoration to custom designs using different wood species, borders, medallions, hand-scraping, distressing, sanding and finishing, as well as an excellent variety of prefinished wood floors. The Company is also known for its expertise in sports flooring, such as gymnasiums, aerobic floors, weight rooms, and dance floors.
Satisfied customers – each customer knows that only the finest wood flooring products and services are provided, no matter the size of the project. Suppliers include the most prestigious companies. No subcontractors – with their own highly-skilled employees, tools, equipment and vehicles, the Company is able to control the consistency and dependability of projects.
The Company's integrity, craftsmanship and customer satisfaction have created a reputation without equal throughout the state.
General Information
Employees: 2 FT Active Owners, 12 FT, 1 PT
Facilities: Located in an area growing with new businesses. 1.45 acres with 8,750 sq ft facilities. Building has stylish façade and is well kept with repairs and improvements as needed. Signage is tasteful and visible. Grounds are professionally landscaped and maintained.
Market Outlook
Competition: Direct competition includes several companies statewide as well as individuals. The Company's quality products and workmanship usually surpass any competition, which in turn leads to the best value.
Growth & Expansion: Overall sales grew from $2,037,446 in 2005 to $2,520,351 in 2009. This represents a Compound Annual Growth Rate (CAGR) of 5.5% for the 5-year period. Adjusted EBITDA has increased from 10.4% to 14.3% overall. The Company has attained success through hard work, integrity and dedication to the family business. The potential for growth is excellent; but current ownership is stretched to the maximum and believes a buyer with additional resources could far exceed their achievements thus far.
About the Sale
Support/Training: Owners will train for a negotiable period
Reason for Sale: Retirement
Contact Information
Larry Hughes
The Hughes Group Inc.
Phone: 405.478.3800
Business #4244
