Highly profitable Flooring Importer and Distributor

Listing Number: 70041-79837

Description

This flooring importer and distribution company was established in 2010 and specializes in selling value-added Luxury Vinyl (LV) products at competitive prices to flooring retailers, mainly located in the Midwest and Texas. The business is currently located in Madison, WI but it could be relocated. The company has been focusing on high quality value-added Luxury Vinyl (LV) products for almost three years and their business has exploded in growth. Minimal effort has been spent on advertising and marketing and sales surpassed the $1.0M mark in less than two years. Their customer base of flooring retailers is serviced by warehouses in Tulsa, OK and Madison, WI, and approximately 13 commission-only independent sales reps. The two owners work in the business part time. One focuses on operations and the warehouse in Madison and the other works from home, managing the independent sales force. Products are manufactured by a reliable company in China and its U. S. subsidiary. Product is often drop-shipped directly to retailers, minimizing the need for large amounts of inventory.

Because of low overhead and the use of a contract sales force, the company returns a high profit margin while still supplying high quality LV products at a low cost to customers. The streamlined operations also allow for a high degree of flexibility in responding to industry and consumer demands. Included in the sale is a mobile-based, industry specific POS software system allowing for full remote management and operations capabilities. The owners are ready to retire but would be willing to stay with the business on a contract basis to insure a smooth transition.

Listing Details

  • Price: $749,000
  • Down Payment: $749,000
  • Sellers Discretionary Earnings: $311,846
  • Total Sales: $1,307,846
  • Location: Dane, Wisconsin

  • Inventory: $0
  • FF&E: $0
  • Employees: 3
  • Year Established: 2010
  • Reason for Selling: Retirement
  • Category: Distribution

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