Flooring Company Serving Central Vermont and New Hampshire

Windsor County, VT

Asking Price:	$495,000
Gross Revenue:	$1,003,224
Rent:	$5,000
FF&E:	$150,000

Cash Flow:	$259,914
Inventory:	$100,000
EBITDA:	$101,446
Established Year:	1965

Listing ID: 2081073Listing provided by BizBuySell

BUSINESS DESCRIPTION

PRICE REDUCED BY MOTIVATED SELLER! This business has been in operation for many years, incorporating two generations of family ownership. Currently located in the central Vermont and New Hampshire area, the business is the premier quality wood flooring only sales and service specialists servicing the I89 corridor from Montpelier, Vermont to Manchester, New Hampshire. They offer premium prefinished and unfinished hardwood and softwood flooring sales, professional installation of all kinds of wood flooring, as well as sanding, custom staining, finishing, and refinishing existing wood flooring to bring them back to their original luster.
This successful business carries hundreds of lines of unfinished and prefinished flooring including solid, engineered, laminates, commercial, hand scraped, wide planks, long lengths, inlays, and medallions, as well as custom installations, sanding, custom staining, refinishing, maintenance, and repairs. The property features a beautiful showroom, workshop, and enough warehouse space to store all the raw and finished materials utilized in the business.

DETAILED INFORMATION

Location

Windsor County, VT

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

5,900

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The business is easily accessible from I89 and sits on a visible, main artery through its market area. The real estate is in very good condition and well maintained by the owners. The building includes 4100 square feet of finished showroom and shop space as well as 1800 square feet of warehouse space. Total rent is $5000 per month and the seller is willing work with a buyer on a term that works for them.

Competition

The company feels that they have a competitive advantage over the few other flooring stores that they compete with in their market area due to the full service offerings they feature; low overhead which results in very competitive pricing; proven dependability over many years in business; efficient and experienced crews; and an effective referral network.

Growth & Expansion

The seller believes that a new buyer could positively impact revenues and profitability by increasing personnel which he has been hesitant to do because of being comfortable with the level of business that he can now easily sustain. New blood and enthusiasm will open new volume opportunities that the seller has not pursued due to getting tired after many years in business. Expand into wholesale markets working with other flooring contractors and general contractors. Add rental equipment, materials, and supplies marketed directly to DIY homeowners.

Financing

Seller is willing to offer limited financing terms to a qualified buyer.

Support & Training

The current owner is willing to stay on and train for two weeks at no charge and be available in an advisory capacity during a specified period of time based on the buyer’s needs and as negotiated. The current owner is willing to sign a non-compete agreement for 5 years and 100 miles, or as negotiated.

Reason for Selling

The owner is looking to relocate out of state with his family.

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