Years Established:

1999

Property Type:

Lease

Inventory Value:

$ 185,000

Premise Details:

The Company is headquartered in Connecticut, and operates from a 15,000 square foot office/ showroom. Company’s office/ showroom/ warehouse/ shop was established in 2007 and spans 15,000 square feet in size. Features include onsite storage, ample parking space, and a full cabinetry shop for repair, modifications, and custom work. Key assets include a box truck, van, and fork lift. Management has acknowledged the facility is also available for purchase.

Competition:

With over 13 years in operation, the Company has become known as a highly reputable retailer of kitchen, bath, counter-tops, and flooring products to residential and commercial clients throughout New England. Its customer base is comprised of approximately 2,000 recurring clients. As such, no single customer accounted for more than 1% of revenue during the historical period. A diversified customer base helps ensure that the Company will not be impacted by the loss of a single account. Management cites the following companies as direct local competitors. The Home Depot, Lowe's Home Improvement, Empire Flooring, Various regional retailers.

Expansion Potential:

The established business methodologies refined by this company are expected to yield growth going forward. However, management cites several opportunities to accelerate growth trends over the next few years. The resultant revenue and profitability derived from these ventures has not been included in the Showroom Expansion and Expanded scope of showroom to include dedicated areas for plumbing and electrical fixtures, etc. Expansion of Employee base to include additional sales associates.

Employees:

8

Support & Training:

The current owners are willing to remain with the Company during a brief period to ensure a smooth transfer of ownership.

Reason For Selling:

Principals are planning for retirement.