Great opportunity to own and operate one of the most successful and reliable commercial flooring businesses in New England. The Company has been around for over 25 years and is considered best in it’s class with regards to margins and overall customer satisfaction. It has a healthy bottom line and a large repeat business. Tenured management is in place with experienced employees and low turnover.
Business Price: $3,770,000
Inventory: $20,000 (approx.)
Furniture, Fixtures, & Equipment (FF&E): $365,000 Included in asking price
Sellers Discretionary Income: $942,000
Real Estate: Leased
Facilities: The Company is located nearby major highways and has ample parking. The space is approximately 3000 SF +/- of offices and warehouse space.
Competition: The Company serves the geographic market that falls primarily in New Hampshire and Massachusetts. There are a number of competitors in the market but none with such strong key customer relationships and are able to meet the requirements of existing customers.
Growth & Expansion: Company is best of class in the existing market with strong customer relationships and a high level of repeat business for over 25 years. It has an experienced management team in place with loyal and motivated staff. There is a large opportunity to increase business by adding personnel and bidding jobs they currently turn down.
Support & Training: Seller is willing to stay on for up to one year (salary to be negotiated) to assist in support and training.
Reason for Selling: Retirement