Business Overview

This award-winning carpet and flooring company is dedicated to customer satisfaction and as a result has staunch customer loyalty and much repeat business. Selling a wide variety of flooring, including carpet, hardwood, engineered, tile, laminate, vinyl, and area rugs they are the top grossing store in the area. In addition to sales, the company offers design assistance, installation, and home
shopping services. Providing high quality carpet, hardwood, laminate, vinyl, tile, engineered flooring, area rugs and more this well-established company has been serving the communities east of Columbus, Ohio for decades.

As a cooperative this carpet & flooring company has access to the most noted brands as well as specialized ones at the best prices and gives them enormous buying power. The quality products, services and outstanding customer service has solidified their reputation in the market and continues to increase their client base. Customers include walk-ins, contractors (both residential and commercial), builders, and commercial bids and negotiated contracts.

The well-spaced office and warehouse is in excellent condition and is included in the sale price.

Financial

  • Asking Price: $5,100,000
  • Cash Flow: $980,000
  • Gross Revenue: $4,600,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The showroom and warehouse are in excellent condition.

Purpose For Selling:

Owner has a new business opportunity.

Additional Info

The company has 8 employees and is located in a building with approx. square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell companies. Nonetheless, the real reason and the one they tell you may be 2 totally different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be justifications to try to hide the reality of altering demographics, increased competitors, current decrease in revenues, or an array of various other factors. This is why it is very crucial that you not count completely on a vendor's word, however instead, make use of the vendor's response together with your general due diligence. This will repaint a more practical picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that profit margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area bring in new clients? Many times, businesses have repeat customers, which develop the core of their day-to-day earnings. Certain aspects such as brand-new competitors growing up around the location, road construction, and also staff turnover can affect repeat clients and negatively impact future revenues. One important point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the greater the possibility to develop a returning consumer base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the local typical house income impact future income prospects?