Thriving Flooring Company in Charlotte
Price: $525,000
Location: Charlotte, NC
Industry: Construction
Listing ID: 8082042
Listing Status: Reduced Price
Premier Flooring and Design business specializing in luxury residential flooring and renovation services in Charlotte, NC. This business thrives on strong word-of-mouth referrals and branding that has helped set itself apart from the competitors with superior customer service and high quality installation. In addition to flooring, the company provides design and installation services for kitchen upgrades, bathroom renovations, fireplace facelifts, staircase renewals, backsplashes, cabinets, and much more.
The business has seen a consistent increase in sales over the last four years, matched with a focus on increasing business efficiencies and resulting in handsomely increased owner profit margins. Current owner is marginally involved with day-to-day operations, with a typical focus on customer service inquiries and final walkthroughs of projects.
Key Features:
-Increasing annual owner profits with high team tenure and increasing job efficiencies
-Leverages word of mouth branding and superior quality to procure jobs around a specific locale in the Charlotte region. Major opportunities to market to other high-income areas in the Charlotte Metro area.
-Established niche in luxury residential flooring and renovations where client discretionary income is high and premium emphasis on home comfort.
-Loyal, long-serving, quality employees (office staff and labor teams)
Total Sales: $1,298,000
Cash Flow: $210,000
FFE: $75,000
FFE Included: Yes
Inventory: $5,000
Inventory Included: Yes
Year Established: 2001
Employees: 9
Type of Location: Showroom
Square Footage: 1000
Facilities Information: Over 1,000 square feet of showroom and office space with recently renewed lease
Reason For Sale: Retirement
Training & Support: The seller is willing to train and provide support for up to 2 weeks after the sale.
Potential Growth: Current market is centralized to a regional location in Charlotte and relies on strong word of mouth referrals. Opportunities for the new owner to take a more aggressive marketing approach and expand to other high-end areas of the Charlotte Metro and beyond.