Longstanding Flooring/Interiors Company

Winston Churchill is quoted “We shape our homes and then our homes shape us” and when it comes to shaping our homes the first step is right under our feet. That is why we are delighted to present this excellent opportunity to own a West Michigan Flooring and Interiors company with 50 years of history selling and installing quality flooring. The sellers seeking retirement look towards transitioning this labor of love to new ownership.

Located on the main drag of a West Michigan suburb this business has withstood the test of time by offering quality service, competitive pricing, and genuine customer connection servicing both the public and commercial clientele. The 3,000 sqft recently renovated showroom has been well maintained over the years and is available to lease on a look forward basis. An adjacent 900 sqft space offers room for future growth and expansion. Geography and superb reputation make this business opportunity an ideal acquisition for strategic buyer or owner operator.

Helping to bring the customers’ flooring, ceramic tile, and countertop visions to life are 4 competitively compensated full time W-2 Employees who complement current ownership with operations management, interior design and in-house installation.

Now, let's dive into the numbers. Over the past three years, the business has generated average annual sales of $1,200,000, with an average normalized annual SDE of $223,943. This opportunity is attractively priced at $615,000 includes three components:

1. The business’s goodwill and enterprise value, which includes 4 full-time employees

2. Fixed assets, equipment, and inventory

3. Ample transition training

The sellers anticipate an asset sale in which they retain cash and the minimal A/R while retiring all liabilities. The buyer receives all furniture & fixtures, fixed assets and inventory. In addition, the sellers will hold a meaningful sellers note for a qualified buyer.