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DESCRIPTION: This profitable retail flooring business has a history of success and growth. Sales are steady year-round with some cyclical fluctuation. Revenues have seen steady growth over recent years, with that growth accelerating from 2019 to 2020. The company sells and installs all types of flooring and related goods & services. The customer base is primarily residential, and the business serves a market that has well above average household income. The company has an excellent team of experienced staff.

MARKET & GROWTH: The business serves a geographic market that is both strong (median income 20% > State average) and growing (sales of primary product line estimated to grow 20% over the next 5 years), providing an attractive opportunity for future revenue growth. The competitive landscape is split between the big box stores and smaller independent retailers. The company is successful because it provides customized goods and services not generally available from competitors, ensuring that the business’s customers get a completed project they are happy with. Current ownership believes revenues, and particularly profits, could be increased in a number of ways, including: a) more sophisticated pricing strategies to better align the company’s goods & services with current market pricing; b) the addition of an Outside Sales Professional to target the professional builder segment; c) updated technological systems to increase efficiencies, particularly in regards to job estimating; and d) the development of a more robust marketing plan.

FACILITIES: The business’s showroom is spacious, has an efficient layout, is well lit and is meticulously kept. Product samples are regularly updated to stay up with trends, providing for opportunity to upsell. The facility includes on-site warehouse and production space. There is more than adequate parking and room to expand. The location is convenient, within 25 miles of approximately 30% of Maine’s total population, and on a well travelled road. The real estate, priced separately, is part of the sale.


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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.