Description:

In operation for over 30 years, the company is a rug and hard surface flooring supply company primarily serving large retailers and e-commerce, among many others.

Key Aspects:

Operating in growth mode, revenues grew at a compound annual growth rate (CAGR) of 35.8% from 2020 through the trailing-twelve-months (TTM) ending October 31, 2023
22.2% average gross profit margins from 2020 to 2022
Over 30 years of extensive knowledge within the home fashion market
90% repeat business rate
Over 4,500 customers in its database
Over 230,000 square feet of office and warehouse space
98% employee retention rate
Fashion-forward designs

Opportunities:

Continue to diversify product offerings and expand operations geographically to increase customer reach
Implement a strategic marketing plan to accelerate continued growth
Capitalize on the company’s large floor coverings industry revenue growth, which is expected to grow 6.1% from 2021 to 2028 according to Grand View Research

Headquartered:

Southeast US

Current Markets:

The company sells its products through retail, distributors, and e-commerce channels throughout the United States.

Real Estate:

The company operates from two operating facilities totaling 234,000 sq. ft. The main facility is leased from an unrelated third party. The second facility is leased from an affiliated entity. The affiliated real estate is not included in the sale.

Shareholder Ownership:

The majority stockholder is not involved in the day-to-day operations of the business. The active president is willing to remain with the company under new ownership.

Benchmark International

Benchmarks Exclusive Opportunities

Rug & Hard Surface Flooring Supply Company – BN000037479

Rug & Hard Surface Flooring Supply Company – BN000037479

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