Small Business Deal Advisors (SBDA) is pleased to announce the sale of Floor Coverings International of Greater Grand Rapids of Grand Rapids, Michigan to an Individual Investor.
Floor Coverings International of Greater Grand Rapids is a Franchise that started in 2018. Since then, it has developed into a profitable local Business, known for its customer service and wide selection of products which include vinyl plank, laminate, hardwood and tile flooring as well as carpet. It provides full-service flooring, sales, and installation. Its sales approach of using Mobile Showrooms for client consultations sets it apart from other flooring companies.
Reflecting on the selling process, the Seller, Erick Hatfield, shared that SBDA exceeded his expectations and that he would “highly recommend Small Business Deal Advisors and Scott Nicholson. From the beginning they were up front about how the process works and they worked hard to ensure that the information going out to potential buyers was thoroughly vetted and complete. This helped tremendously down the road when potential buyers began to engage.” He also described everyone he worked with at SBDA as “friendly, competent and professional.”
The Buyer, Sam Becker, was also happy with his experience, noting the SBDA exceeded his expectations as well, and stating Scott Nicholson and SBDA were honest, straightforward, helpful, and wanted what was best for both the Buyer and the Seller.
Scott Nicholson of SBDA served as the lead Mergers & Acquisitions Advisor to Floor Coverings International.
SBDA applied its extensive expertise to support Floor Coverings International throughout the sale process. Their involvement included preparing and distributing marketing materials, implementing targeted marketing initiatives, providing strategic guidance during negotiations, and managing the due diligence process through to a successful closing.
The terms of the transaction were not disclosed.