Pictured left to right: Dan & Gretchen Worrell (Sellers), Peggy Tate (CBB Broker), Matthew & Mary Biagiotti (Buyers)

 

This commercial tile sales and installation company has been in operation since 1950. The owners, Dan & Gretchen Worrell, already working part-time in the children's ministry at their church, sold the business in order to work the children's ministry full time.

This was the only business the buyers, Matthew & Mary Biagiotti, looked at with our firm. As former owners of a flooring enterprise in New York, they appreciated the very unique business model with no overhead expenses. The business is run from home. Materials are drop-shipped to the locations from their vendors, so no need to store inventory. Vendors have showrooms that the company uses to show tile samples to their customers, so no need for a storefront. An experienced, long-term sub-contractor team does the installation, so no need for employees.

The sellers and the buyers were very excited to have made the connection with eachother. Some seller financing was part of the deal. Frank Stabler listed the business and Peggy Tate sold it.