Vintage Hardwood Floor Specialist
(Flooring Contractor, Construction)
Denver Metro Area, Colorado
Listed Price: $ 272,000
Listing ID: 201932
Listing DetailsGross Revenue: $ 526,286
Cash Flow: $ 152,435
FFE: $ 30,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Reason for Sale:
The owner is getting ready to retire.
Training & Support:
Seller will give effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
Listing SummaryBusiness Description:
Priced to Sell at 1.78x Earnings!
The company saw a 33% increase in sales and a 40% increase in profit in 2018 versus 2017 and net income is 31% higher in 2019 versus 2018!
This 30+ year old, niche hardwood flooring installation, restoration and repair company specializes in old and historic homes and has an incredible reputation. New floors are also installed using a variety of standard wood species. The company has an excellent reputation for professionalism and quality in its niche restoration community. Most of the business is high end, specialty residential projects with some commercial and corporate clients. They continue to keep their A+ Rating with the Denver Better Business Bureau.
Like most businesses, there are several competitors that operate in the area, however this business has a long history of bidding and winning against others due to its reputation in its niche restoration market, pricing structure, and personalized service.
There is a large, untapped opportunity for expanding in this market. The demand is here for niche company and with all the growth in the Denver Metro area the refinishing portion should continue indefinitely. Expansion in this business opportunity is inevitable based on a new operator’s willingness to increase marketing efforts, staff and manage more installations.
The Seller will entertain offers of varying financial and legal structures.
Small office/showroom/warehouse space with additional community conference room.
OperationYear Established: 1987
Employees: Owner, Admin, 2-5 Technicians
Absentee Owner: No