Market Leader in Fast Growing Area
Headquartered in one of North Carolina’s fastest growing and most desirable markets, this flooring company has been serving the area for well over 25 years and has been priced to sell.
Customers appreciate the large selection of industry leading brands with the most popular styles and surfaces, including hardwood, luxury vinyl plank (LVP), luxury vinyl tile (LVT), carpet, and ceramic tile. The primary customer base is residential homeowners re-flooring their existing home, but the business also offers commercial flooring products and installation.
This company is focused on quality products at a fair price. The company doesn’t chase low margin sales to large tract-builders. Any new construction sales are with smaller custom homebuilders. The large warehousing space and longstanding vendor relationships allow the company to participate in high-margin wholesaling or “Cash and Carry” business.
• Over 25 years in business
• Excellent reputation
• Highly effective sales team
• Very little new construction
• Experienced staff
• Longstanding vendor relationships
• Pre-screened for an SBA loan package
• Option to lease or purchase real estate
SDE of $825,000 assumes new owner replaces existing owner and acquires the Real Estate. The opportunity has been pre-screened for an SBA 7(a) loan that includes the business and real estate. The loan package includes $400,000 in working capital and returns nearly $600,000 after debt service.
Seller is also willing to consider financing a portion of the sale for a Buyer with management, retail or previous business ownership experience.
NOTE: Like most businesses, revenues have been impacted by COVID-19. However, monthly revenues have rapid returned to their original levels. The business qualifies for the SBA Cares Act Debt Relief Program. Under the program, the SBA will automatically pay your first 6 months of principal, interest, and fees on new SBA loans issued prior to September 27, 2020. This is a savings of over $140,000!
Confidentiality is vital, so be prepared to demonstrate your financial capabilities and execute a non-disclosure agreement. Comprehensive marketing package including detailed video overview available. To learn more, contact Erik Sullivan at MidStreet at (919) 263-2550 or email@example.com. Real Estate available through MidStreet Realty, Inc.
Included in asking price.
Included in asking price.
Growth of surrounding market area continues to drive revenue. Although the current facility can support the company’s growth, satellite showrooms would help expand service area. Additionally, little emphasis has been placed on commercial projects.
Seller-owned real estate of approximately 15,840 square feet on one acre is available for sale or long-term lease. Building includes showroom, warehouse, and office space. Frontage on major thoroughfare in one of the area’s best neighborhoods. Real estate offered through MidStreet Realty, Inc.
While competition does exist, the company holds a superior reputation in the community.
Onsite transition support and call/email support will be made available and are included in the purchase price.
Owner interested in real estate, and wants to manage his own properties.