Floor Decor Prepares to Expand ``Big Box Superstore'' Concept
``We are confident that our Big Box Superstore concept will be well-received in large urban markets and intend to aggressively expand our business. Floor Decor offers one of the most comprehensive selections of carpet and floor coverings under one roof for both the homebuilder and consumer,'' said A.J. Nassar, CEO of Floor Decor.
Floor Decor's premier store, based in Fort Lauderdale, features more than 50,000 sq. ft. of space and houses an extensive product line including 5,000 area rugs and 1,000,000 sq. ft. of other floor coverings. The company plans to acquire existing dealers in key markets that have catered to the commercial homebuilder trade and consolidate them into Floor Decor's superstore format, which will also serve consumers. The company will continue to expand its business with the decorator trade by offering competitive commissions and other incentives via its professional member program.
``We are very excited to be working with Floor Decor and believe strongly in their business model,'' said Gary R. Loffredo, Managing Director, Banyan Capital Partners. We are highly impressed with the company's management team and their knowledge of the industry.``