Rug & Hard Surface Flooring Supply Company
| Gross Revenue: | $67,395,441 |
| EBITDA: | $12,055,737 |
Description:
In operation for over 30 years, the company is a rug and hard surface flooring supply company primarily serving large retailers and e-commerce, among many others.
Key Aspects:
• Operating in growth mode, revenues grew at a compound annual growth rate (CAGR) of 35.6% from 2020 through 2023
• 23.4% average gross profit margins from 2020 to 2023
• Over 30 years of extensive knowledge within the home fashion market
• 90% repeat business rate
• Over 4,500 customers in its database
• Over 230,000 square feet of office and warehouse space
• 98% employee retention rate
• Fashion-forward designs
Financial Note: Management notes that the decrease in gross profit and adj. EBITDA in 2022 resulted from the cost of freight from Asia to the U.S. increasing significantly.
Opportunities:
• Continue to diversify product offerings and expand operations geographically to increase customer reach
• Implement a strategic marketing plan to accelerate continued growth
• Capitalize on the company’s large floor coverings industry revenue growth, which is expected to grow 6.1% from 2021 to 2028 according to Grand View Research
Headquartered:
• Southeast US
Current Markets:
• The company sells its products through retail, distributors, and e-commerce channels throughout the United States.
Real Estate:
• The company operates from two operating facilities totaling 234,000 sq. ft. The main facility is leased from an unrelated third party. The second facility is leased from an affiliated entity. The affiliated real estate is not included in the sale.
Shareholder Ownership:
• The majority stockholder is not involved in the day-to-day operations of the business. The active president is willing to remain with the company under new ownership.
