This profitable Michigan flooring company offers a wide array of premium flooring products through its physical location as well as an installation division. Founded 10+ years ago, the Company has quickly scaled to become the largest flooring provider in its metropolitan area. The Company credits approximately half of its business to walk-in retail, while the remaining 50% is generated from approved builder accounts as well as multifamily housing projects, new builds, and remodels.
Given its position in an affluent and rapidly growing region of Michigan, the Company specializes in premium products. The Company employs skilled designers and installers to ensure the entire process goes smoothly, from design to installation. The Company possesses growth opportunities, inclusive of the addition of complementary product lines and geographic expansion.
The Company employs a full staff of 39 professionals who largely run daily operations independently. The ownership team is focused on general oversight and, as a whole, works only 20 hours per week or less in the Company.
Current ownership is semi-passive and seeking to divest from the Company to pursue unrelated business ventures. They are willing to provide reasonable and customary transition assistance following the completion of a transaction. The real estate is owned through a related entity, and the owners are open to the sale or lease of the facility to new ownership.