Retail and Commercial Flooring Company DC Metro Market - Over 30 Years

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Business Description

This established and highly profitable, multi-location residential and commercial flooring sales, installation and service business with a reputation for providing excellence in product and service to it's customers in and around the Washington, DC metropolitan area for over three decades!

Current Owner/Founder wishes to retire but is fully committed to ensuring the new owner is well situated to take this business to the next level and as such, is willing to stay on under a new owner long-term to ensure critical customer and vendor relationships are maintained.

Business is being offered with option to purchase a company owned, warehouse property currently valued at approximately $5MM or with very attractive lease terms on the warehouse.

All interest parties are required to contact the listing broker via this site to request a confidentiality agreement. All inquires will need to provide proof of the experience and the financial means necessary to consider a transaction of this size and scope prior to receiving any detailed information.

About the Business

Location:
North Bethesda, Maryland
Year Established:
1987
Number of Employees:
30
Facilities:
Multiple showrooms all with long term assignable leases. Option to purchase a company owned warehouse property currently valued at approximately $5MM or with very attractive lease terms on the warehouse.
Market Outlook/
Competition:
The owner and founder of this highly successful 32 year business has been committed since day one to working harder than any of his competitors and cares deeply about his customers, employees and the community. Maintaining these core values has made this company a household name in the metropolitan DC market.
Growth & Expansion:
Consistently Profitable, Expert Management Team. Great Locations. Easily Scale-able. Enormous, pent-up customer demand for the products and services provided by this company. Expanded to five locations in 2017 adding a very high income area which should add another $1MM + in gross sales in the current 2019 operating year.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will provide transition for up to one year and remain on in a consulting role long-term as needed.
Seller Financing:
Will finance a portion

Listing Info

ID:
1557114
Ad Detail Views:
197
Asking Price:
$1,400,000

Gross Revenue:
$11,500,000
Cash Flow:
$600,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$800,000
not included in asking price

FF&E:
$270,000
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

James King

King & King Business Advisors

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