2017 Est. $24MM Sales $2MM EBITDA
The Company provides flooring, cabinets, appliances, and granite through retail sales and to home builders primarily through its two store locations.
It operates from a sister owned showroom/warehouse (40,000 sq. ft) with a tentatively planned 18,000 sf expansion, and a secondary showroom (8,000 sq. ft.). Its primary markets are in the Midwest for new construction to home builders (50%) and retail sales (50%).
The Company employs 30 full-time non-union employees; this also includes 17 sales members and the owners. Management recently partnered with two marketing firms to formulate an annual advertising plan and to assist with online advertising.
The Company benefits from protected and exclusive territories for some of its primary suppliers, with whom the Company has elite status and has been nationally recognized supplier of the year in 2014 and 2015. The company has had the success they have had and are only open for business six days per week.
Related party owned facilities for showrooms, warehousing, shipping and offices.
Historical sales have grown from $5,812,000 in 2012 to $16,092,000 in the fiscal year ending December 31, 2015. Sales have grown consistently year over year in the historical period. 2016 gross sales were $21.5MM.
This Merger & Acquisition Opportunity is available via Marigold Resources' Senior Affiliate Partner status with Generational Equity.
Upon receipt of this completed and digitally executed NDA below, we will follow up by phone and/or e-mail to qualify providing the complete offering memorandum and schedule a time to discuss the opportunity further.