Independent NH Flooring Company (17685)
ConstructionFor Sale in NH
Financial & Assets Details
About the Business
This factory authorized retailer and supplier of quality flooring products and services provides an extensive collection of carpeting, laminate, vinyl planks, and porcelain tile, solid and engineered hardwood flooring products, as well as wood refinishing services. Most business is sourced from the residential housing market through strategic contractor relationships. With a focus on retail sales from their leased, state highway showroom & warehouse in Rockingham County, this company has many opportunities presented for growth. Increase the online presence, add an online catalog, expand service area or reach out to multi-family units and commercial contractors for more contracts. 2021 Sales totaled $692,226 with a high profit margin and $85,462 in Discretionary Earnings. Coming off a record year as they reached $400K in half time, projections are up to $860K or $700K for 2022 conservatively with improved income! Rather you’re looking for a quick or year-long transition, the seller is willing to negotiate to make the sale work, currently focused on quality control and customer satisfaction. The company offers installation services on all of the products it sells through experienced subcontractors; there are currently only five and with additional talented installers, this business could grow very quickly. The wide selection of the most sought after flooring brands are backed by manufacturer warranties and technical support. Since inception nearly 30 years ago, the company has developed a strong customer base including numerous communities within a fifty mile area. The company has a reputation for unparalleled quality and customer satisfaction and has become the most trusted name for flooring in the area. The ownership believes that these factors have attributed to its success and will provide the foundation for new ownership to continue development.
Financing can be negotiable for the appropriate buyer.
Support & Training
Owner Transition period of 12 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.