Hard Surface Flooring & Rug Wholesaler
Business Description
Description:
The Company is a leading wholesaler of hard surface flooring and area rugs, serving a broad customer base across 47 US states and three international markets. The Company sources its products from domestic and international manufacturers to offer a diverse and fashion-forward product portfolio.
Key Aspects:
• Revenue grew at a compound annual growth rate (CAGR) of 17.5% from 2021 to 2024.
• The Company had an average gross profit margin of 23.8% from 2021 through 2024.
• With over 30 years of industry experience, the team brings extensive knowledge and leadership within the home fashion market.
• According to management, the Company had a 90% repeat customer rate in 2024.
• The Company serves customers across 47 US states and 3 countries internationally.
• The Company serves a broad and diversified customer base, with approximately 4,500 customer accounts in its database and 810 active accounts in 2024.
• Product offerings feature trend-driven, fashion-forward designs that align with evolving consumer preferences in home décor, according to management.
Opportunities:
• Further optimize the Company's supply chain and cost structure through expanded fixed-rate shipping contracts and improved inventory management.
• Leverage the increasing demand for flooring products by deepening affiliations with major e-commerce platforms and onboarding new digital retail companies.
• Introduce new collections or complementary categories to capture a larger share of sales from existing customers and attract new demographics.
• Explore untapped domestic and international markets through strategic distribution and sales initiatives, including additional trade show participation and localized marketing.
• Grow private label and exclusive product offerings for key retail customers.
• Implement a strategic marketing plan to accelerate continued growth.
Headquartered:
• Southeast US
Current Markets:
• The Company sells its products to residential and commercial customers through retail, distributors, and e-commerce channels throughout the US.
Real Estate:
• The Company operates from two operating facilities totaling 234,000 sq. ft and is leased from an affiliated entity. The operating facilities are not expected to be included in the sale, but the owners are willing to enter into a long-term lease for both facilities.
Shareholder Ownership:
• The Company is owned by four trusts, with the trustees not involved in the day-to-day operations. The son of the primary trust holder manages daily operations and is willing to remain with the Company under new ownership.
The Company is a leading wholesaler of hard surface flooring and area rugs, serving a broad customer base across 47 US states and three international markets. The Company sources its products from domestic and international manufacturers to offer a diverse and fashion-forward product portfolio.
Key Aspects:
• Revenue grew at a compound annual growth rate (CAGR) of 17.5% from 2021 to 2024.
• The Company had an average gross profit margin of 23.8% from 2021 through 2024.
• With over 30 years of industry experience, the team brings extensive knowledge and leadership within the home fashion market.
• According to management, the Company had a 90% repeat customer rate in 2024.
• The Company serves customers across 47 US states and 3 countries internationally.
• The Company serves a broad and diversified customer base, with approximately 4,500 customer accounts in its database and 810 active accounts in 2024.
• Product offerings feature trend-driven, fashion-forward designs that align with evolving consumer preferences in home décor, according to management.
Opportunities:
• Further optimize the Company's supply chain and cost structure through expanded fixed-rate shipping contracts and improved inventory management.
• Leverage the increasing demand for flooring products by deepening affiliations with major e-commerce platforms and onboarding new digital retail companies.
• Introduce new collections or complementary categories to capture a larger share of sales from existing customers and attract new demographics.
• Explore untapped domestic and international markets through strategic distribution and sales initiatives, including additional trade show participation and localized marketing.
• Grow private label and exclusive product offerings for key retail customers.
• Implement a strategic marketing plan to accelerate continued growth.
Headquartered:
• Southeast US
Current Markets:
• The Company sells its products to residential and commercial customers through retail, distributors, and e-commerce channels throughout the US.
Real Estate:
• The Company operates from two operating facilities totaling 234,000 sq. ft and is leased from an affiliated entity. The operating facilities are not expected to be included in the sale, but the owners are willing to enter into a long-term lease for both facilities.
Shareholder Ownership:
• The Company is owned by four trusts, with the trustees not involved in the day-to-day operations. The son of the primary trust holder manages daily operations and is willing to remain with the Company under new ownership.
Listing Info
- ID
- 2373960
- Listing Views
- 180
Attached DocumentsAttachment Disclaimer
Teaser_BN000037479_Hard_Surface_Flooring_Rug_Wholesaler_V8.pdf
Listing ID: 2373960 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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