Sold
Commercial Flooring
This is an excellent opportunity to acquire one of the region’s oldest commercial flooring companies. They have served this market since 1957 and have an outstanding reputation for quality, workmanship, and service. There is a solid sales and management team in place that will help with a smooth transition and continue employment after the sale.
• They work with the top-quality commercial laminates, hardwood, tile, and carpet.
• Recognized as one of the best installation companies in the area with over 30 seasoned flooring experts.
• Backlog of over $1million in business.
• Central location serving the entire St. Louis market.
• Experienced union installers from Floor Layers local 1310.
• High Gross Profit Margins.
• Very stable and profitable business that is on their 3rd ownership group.
• Owners have reached retirement age but would prefer to stay on as employees.
• SBA Approved.
• Excellent Benefits and great working hours.
Listed By: Mike Kendall
Background information
Reference:
0092
Reason selling:
The owners have reached retirement age.
Operations
Employees:
There are 40 employees in total with 32 of them being union trained installers.
Premises
Facility:
They are in the second year of their second of two 5-year extensions.
Square footage:
They occupy 17,950 square feet.
Rent and lease terms:
The base rent is $6.20 per square foot. The third extension option will be at the then prevailing market rate. The Common Are Maintenance (CAM) is estimated at $0.45 per square foot.
Location:
They are centrally located with immediate access to Page (Hwy 364) covering St. Charles out to Wentzville, 270 north and south, and approximately 4 miles from the innerbelt I-170.
Price and terms
Price:
$4,000,000
Financing:
SBA Approved.
Training:
Management team would like to stay for the foreseable future and will train the buyer as needed.