Established Luxury Flooring Contractor Focused on High-End Clients (#1637)

Revenue:
$2,402,670
Cash Flow:
$427,539
Region:
South Carolina
Location:
Charleston, SC
This business has been SOLD and is no longer available. Please visit our main Businesses For Sale page to search all available businesses.

Overview:

Opportunity to Own a Growing Company Located in the Low Country of South Carolina!

The 2022 Top States for Doing Business report from Area Development ranks South Carolina #3 overall. And for the second year in a row, South Carolina is #1 for its easy-to-navigate regulations.

The rise of the housing market – U.S. News & World Report places Charleston on the list for Top 25 Fastest-Growing Places in 2023. That’s because the area welcomes many new residents each year, and they need quality home services.

Great opportunity to own a company in this metro area which actually expanded during the pandemic and is growing at a strong pace!

Started in 2006, their 15 plus years in the business has resulted in a great reputation in the market and many repeat clients. They expanded their product offering in 2020, which resulted in rapid revenue and net income growth.

Strengths of the Company:

  • Product lines now include wood, luxury vinyl plank, luxury vinyl tile, tile and carpet
  • Having their own installation and repair crews allows them to control scheduling and quality, thus keeping clients happy
  • Moved into a new facility in mid-2020, and now have a beautiful showroom, offices and warehouse facility which provide a “classy” first impression with clients
  • Diverse client base, with 46 of the contractors comprising 80% of revenue

The company is well positioned for continued growth, and in addition to reaching out to existing clients with their additional product offerings, they can continue growing via more focus on upscale builders, architects, designers, etc.

Revenue:
$2,402,673
Cash Flow:
$427,539

Your Listing Advisor.

Ben Knight

Ben Knight

Managing Partner

A native of Richmond, VA, Knight graduated with a Bachelor of Arts in Economics from Hampden-Sydney College. He spent a year as an assistant football coach at Emory & Henry College before entering the corporate world.

Mr. Knight spent 20 years in the consumer products industry, working for a Fortune 100 company in sales and marketing. He started in an entry level position, and advanced through the organization to become Vice President of Sales where he was responsible for $750 million in annual revenue.

Next, Knight became Executive Vice President of Sales & Marketing for a small rigid packaging company in Los Angeles, where he led a once struggling company to grow from $27 million to $100 million in annual revenue in less than four years. However, the desire to own his own company caused Mr. Knight to research small companies for sale, particularly those located in the Southeast so he and his family could get back closer to their roots.

In 2007, working with Viking Mergers & Acquisitions, he acquired FASTSIGNS South Tryon located in Charlotte, NC. Next he acquired two additional locations for this franchise; Rock Hill, SC in 2009, and Matthews/Ballantyne in Charlotte in 2012. Through Knight’s leadership, he grew these locations to become one of the highest revenue generating groups of centers world-wide in the FASTSIGNS International franchise system.

Successfully selling these three centers in 2017, Knight decided to join with Viking Mergers & Acquisitions by opening a new location for them in Charleston, SC. As Managing Partner, he will help business owners and/or investors sell or buy a business in Berkeley, Charleston and Dorchester counties.

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