Sep 12, 2016 — A North Carolina based commercial installer of carpet and resilient flooring with customers relationships that span over 30 years. The company sells and installs all types of commercial flooring, including broadloom carpet, carpet tile, sheet vinyl, vinyl composition tile, and luxury vinyl tile.
· Average annual revenue over the last four years is around $3.1M with consistent gross profit margins around 27%
· Serving corporate accounts and healthcare facilities
· Loyal 30+ year customer relationships established
· 60% repeat business
· Direct shipments to customers from vendors
· 10+ year relationships with quality installation crews
· Sticky name brand customer base
· Utilizes Calidus software for estimating
· Expand advertising techniques
· Expand focus beyond Piedmont Triad
· Add to the product line (ex. ceramic, wood, and sealed concrete)
· Create strategic partnerships with other contractors completing work in the room (furniture, drywall, painting, etc.)
Statewide within North Carolina (focus on Piedmont Triad)
The company operates from an affiliate-owned building that is approximately 10,000 sq. ft. located on one acre of land. Over 8,500 sq. ft. of warehouse space stores flooring for booked jobs. A sale of the facility may be an option.
Shareholder/ Owner Objectives
Two partners; approaching retirement and looking to exit the business. If needed, the owners are available to remain with the company for a handover period of up to two years to ensure a seamless transfer of ownership.
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