Primary Category:Other Building & Construction Businesses for Sale
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.
Financial Information
$795,000
Asking Price
$433,415
Cash Flow
$1,192,526
Gross Revenue
Negotiable
Down Payment
Yes
Financing
Business Location
City:
Confidential
State:Vermont
Financing Comments
Seller is willing to offer limited financing terms to a qualified buyer, depending upon the strength of the deal negotiated.
Reason for Sale
The owner is looking to relocate out of state with his family after spending all of his professional life operating this successful business.
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.
Seller is willing to sign a non-compete agreement for 5 years and 100 miles, or as negotiated.
Detailed information
Year Established:1965
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 4
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:40
Adjusted EBITDA:
$336,123
Inventory Included: No
Inventory Value:
$100,000
Monthly Rent:
$5,000
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
$0
Building Size: 5800
FF&E Included?: Yes
FF&E Value: $150,000
Training/Support
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.
Seller is willing to sign a non-compete agreement for 5 years and 100 miles, or as negotiated.
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.
Market Outlook/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.
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