Victorville, San Bernardino County, California, United States
Business For Sale
Business For Sale Details
Updated on May 22, 2022 at 9:52 pm
Property ID: floorcover
Building: 10000 sq. ft.
Status: Business For Sale
Revenue (Annual): $2,000,001-$4,000,000
Cash Flow (Annual): $150,001-$250,000
Year Established: 1988
Reason For Sale: Retiring
Revenue (Yearly): 2389000
Cash Flow (Yearly): 160000
Thirty-three-year-old leading commercial and residential floor covering store with a repeat customer list of commercial and residential clients with a niche in the occupied commercial office environment. The Company was founded in 1988, operated by a professional, competent, and highly skilled team of individuals.
The Company serves Southern CA using subcontracted professional installation contractors in extremely sensitive settings, saving both time and money. The Company specializes in occupied office spaces among other areas. Its installers undergo intense background screening so that the Company is able to provide services to clients where security and discretion may be of concern. The Company is licensed, bonded, and insured, and follows vigorous safety protocols.
The Business furnishes and installs many types of floorings such as, but not limited to, carpet, sheet vinyl, vinyl plank, ceramic tile, hardwood, and vinyl composite tile (VCT). There is no project too large or small for this The Company which also offers repair services as well.
The Business operates out of a 5,000sf warehouse and a 5,000sf showroom, works with trained flooring Installers, and partners with numerous flooring manufacturers.
The Company is highly differentiated and ranks very high among its peers. Its proven track record includes:
Over 33 years in business
Annual revenue projected to increase year over year
Diverse revenue streams
The Business has its own in-house labor via subcontractors, who provide project management, labor supervisor as well as support staff, allowing the Company to follow the projects from start to finish. They offer a full year warranty on all labor and the manufacturer’s warranty on all products.
The Business has the ability to work on many types of flooring, modular furniture as well as any free-standing furniture. They are a licensed, bonded, and insured and follow vigorous safety protocols.
Offers Only the Best Products and Service; Alongside various flooring manufacturers, the Business uses the latest flooring technology for accurate bidding measures and color-coded product placement plans.
It has multiple certifications and qualifies as a Small Business Enterprise.
Serves an A++ list of corporate clients: Property Management Companies, such as Coldwell Banker/ Lee & Associates. Also, schools, colleges, state and federal buildings, insurance companies, restoration companies, hospitals, and military bases.
According to IBISWorld, the Floor Covering Stores industry has experienced increasing sales for the majority of the five years to 2021. Professional contractors and homeowners typically purchase industry goods while undergoing residential construction and home renovation projects. The rise in housing starts and remodeling activity during the majority of the period helped increase demand for the industry. In 2020, the COVID-19 (coronavirus) pandemic had a negative effect on the industry due to supply chain disruptions, low consumer spending and declining corporate profit. While the industry was able to partly offset the decline in the first half of 2020 as demand for industry products increased in the second half of 2020, the overall effect of the coronavirus on the industry was negative. However, the industry is expected to rebound in 2021 due to improving economic conditions. Over the five years to 2021, industry revenue is forecast to increase an annualized 2.4% to $24.8 billion, including an increase of 4.9% in 2021 alone. Over the five years to 2026, the growth in consumer spending overall and private spending on home improvements specifically are expected to support industry growth. Due to rising corporate profit and businesses recovering from the coronavirus pandemic, investment in private nonresidential construction is expected to increase, facilitating industry sales. However, the growth of this industry will be limited as competition from home improvement stores continues. Overall, IBISWorld estimates that industry revenue will increase an annualized 1.3% to $26.5 billion over the five years to 2026.