Wood Floor Installation and Refinishing

Listing Number: 77441-725919

Description

Specialty contractor for the refinishing of floors, installation of new wood floors in all its forms, installation of Luxury Vinyl Planks (LVP) and laminated floors. Installation and refinish of stairs. Maintenance of existing wood floors.

Established over 25 years ago, the business has maintained uninterrupted operation throughout the years. It has solidified its reputation as one of the leading floor contractors in the DMV area and has consistently ranked as a top choice in consumer report rankings (including Angie's List Top Contractors Award) for many years.

During its growth phase, Premier Floors expanded from a team of 2 full-time employees to a workforce of 14 by 2018. However, in 2020, the owners made the strategic decision to begin preparing for their retirement. Consequently, they closed the warehouse and sold their equipment during the pandemic, transitioning the company into a home-based operation that collaborates with sub-contractors.

This reduces overhead costs for the current and future owners and allows the business to be easily relocated and/or combined with an existing contracting or related business.

Listing Details

• Price: $599,000
• Down Payment: $539,100
• Sellers Discretionary Earnings: $213,721
• Total Sales: $1,003,141
• Location: Montgomery County, Maryland


• Inventory: $0
• FF&E: $2,000
• Employees: 0
• Year Established: 1997
• Reason for Selling: Retirement
• Category: Construction