For sale is a 24-year-old B2B flooring company that serves residential builders in West Central Florida. They work on thousands of houses per year and offer tile, wood, laminate, vinyl and carpet options with revenue fairly spread out across the categories. The company has partnerships with 7 major builders in the region.
The business does face issues with hiring right now (January 2022), and is forecasting $12M for 2022 revenue versus $14M 2022 revenue, but maintaining similar profit numbers to 2022.
The owner is looking to retire after a long successful run in the business. He currently has has minimal involvement in day-to-day operations (only doing the Accounts Payables) and his daughter essentially runs the business. She will stay on with a with a buyer to help scale and grow the business.
The business has been pre-approved for a SBA loan for a qualified buyer.