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SF Carpet Wholesaler - 35 Yr Old - $500k Net

This well-known full service carpet, vinyl, and molding cash and carry business has been established since 1985 and does both sales and installation. Priced at 999,000 with adjusted earnings ranging for 476,000 - 640,000 over the last couple of years this is an exceptional opportunity! The company has a strong customer base and reputation given it has been servicing the same customer base since 1985. The current owner oversees the business but on a part-time basis and this is ideal for a full time owner with the current operations being turn-key.

Over the last three years the company has averaged betwwen 2,750,000 to 2,850,000 in sales with adjusted earnings of between 480,000 - 600,000 +. The majority of the company's sales 80% plus is carpet sales which are broken down in to multiple categories. The owner has diversified the company over the last several years to include kitchen and vanity sinks, kitchen cabinets, wood molding and other household fixtures, which is a clear growth area for the company. The molding business has increased over the last two years in particular.

Growth opportunities: the company historically did school and government/commercial work and had sales in the high 7 figure range. The current sales people are long-term employees that are in the office taking orders that come into the company.

The company has established strong domestic vendor/supplier relationships with leading carpet manufacturers in the US and has manufacturer direct buying and vendor relationship.

The company has a long establish employee base and management duties are split up between several long-term employees. The employees are well trained and have been with the company for an extended period of time. There are four installation crews, a office/general manager, sales manager, two warehouse staff and addition staff ready to support a new owner.