Description:

The company is a retail flooring company that provides installation and restoration services primarily to residential customers. The company has over 40 years of experience in its local markets.

Key Aspects:

Adjusted EBITDA has grown at a compound annual rate (CAGR) of 31.0% from 2020 through the trailing twelve months (TTM) ending June 30th, 2023
From 2020 through 2022, the company has maintained an average gross profit margin of 40.6%
The company has approximately $1.28 million in backlog as of June 30th, 2023
In operation for over 40 years with an excellent reputation in its market for professionalism, quality products, installation, and service
The company has an extensive customer base, with no single customer accounting for more than 3% of total revenue in 2022
The company is a premier service provider for a national insurance agency
Turnkey operation with only limited buyer management oversight necessary

Opportunities:

Add builder and remodeling sales personnel at both locations to expand the scope of customer reach
Implement sales and marketing efforts in the commercial sector to expand the customer base
Add kitchen and bath design sales and services to expand residential customer offerings
Add design consultative sales personnel at both locations
Establish after-sales services and standalone design fees to increase revenue
Expand the number of retail locations throughout Florida

Headquartered:

Southeast, US

Current Markets:

The company serves customers with a focus on residential and restoration related projects in its local markets

Real Estate:

The company operates from four locations totaling approximately 37,000 sq. ft., encompassing two retail stores and two warehouses, both of which includes office space
All four locations are leased from unrelated third parties

Shareholder Ownership:

Ownership is seeking to sell the company which is a fully owned subsidiary of the parent company that is located in the Midwest, US
Seller’s executive management is willing to consult with the company for a predetermined transition period

Benchmark International

Benchmarks Exclusive Opportunities

Full-Service Flooring Contractor – BN000044404

Full-Service Flooring Contractor – BN000044404

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