Wade Flooring & Remodeling, Inc. Market Research Report

Background

Company Overview

Wade Flooring & Remodeling, Inc. is a family-owned business specializing in flooring and remodeling services. Established in 1979 by Larry Wade, the company has been serving the Bradenton, Florida community for over four decades. Initially starting as a small carpet store, it has expanded its offerings to include window treatments, drapery, wallpaper, upholstery, and bedding. In 2017, Derick Johnson, who had been the General Manager for six years, became the owner, continuing the company's legacy of quality and customer service.

Mission and Vision

Wade Flooring & Remodeling, Inc. is committed to positively impacting the lives of its employees, customers, vendors, and the community through service. The company's core values include excellence, honesty, integrity, teamwork, and servanthood.

Key Strategic Focus

Core Objectives

The company aims to provide comprehensive interior solutions, assisting homeowners in creating beautiful and functional living spaces. This includes offering a wide range of products and services to meet diverse customer needs.

Areas of Specialization

Wade Flooring & Remodeling, Inc. specializes in flooring services, window treatments, drapery, wallpaper, upholstery, and bedding. The company offers a variety of flooring options, including hardwood, carpet, tile, stone, luxury vinyl, and laminate.

Key Technologies Utilized

The company employs modern design tools and techniques to assist customers in visualizing their projects. While specific technologies are not detailed, the emphasis on quality and customer service suggests the use of industry-standard tools and materials.

Primary Markets Targeted

Wade Flooring & Remodeling, Inc. primarily serves the Bradenton, Florida area, catering to homeowners seeking quality flooring and remodeling services.

Financials and Funding

Funding History

Specific details regarding the company's funding history are not publicly available.

Total Funds Raised

Information on the total funds raised by the company is not disclosed.

Recent Funding Rounds

There is no publicly available information about recent funding rounds.

Notable Investors

The company appears to be privately held, with no information on external investors.

Intended Utilization of Capital

While specific plans for capital utilization are not detailed, the company's focus on quality and customer service suggests investments in product offerings, staff training, and community engagement.

Pipeline Development

Key Pipeline Candidates

The company offers a diverse range of products and services, including various flooring options and remodeling services. Specific details about new products or services in development are not publicly disclosed.

Stages of Development

Information regarding the development stages of new offerings is not available.

Target Conditions

The company serves residential clients seeking flooring and remodeling solutions.

Anticipated Milestones

Specific timelines for new product or service launches are not provided.

Technological Platform and Innovation

Proprietary Technologies

The company utilizes modern design tools to assist customers in visualizing their projects, though specific proprietary technologies are not detailed.

Significant Scientific Methods

While specific scientific methods are not mentioned, the company's emphasis on quality suggests the use of industry-standard practices in flooring and remodeling.

AI-Driven Capabilities

There is no publicly available information indicating the use of AI-driven capabilities within the company's operations.

Leadership Team

Derick Johnson

Position: Owner

Professional Background: Over 20 years in the flooring industry, with six years as General Manager before becoming owner in 2017.

Contributions: Rebranded the company, built a new team, and emphasizes a commitment to excellence and community.

Tim Johnson

Position: Office Operations Manager

Professional Background: Former acrobat in Le Rêve at Wynn Las Vegas, with 11 years of performance experience.

Contributions: Leads the Commercial Division and now serves as Office Operations Manager.

Jennifer Buckner

Position: Residential Interior Design Expert

Professional Background: Over 30 years of experience, specializing in Hunter Douglas products and various flooring options.

Contributions: Known for solving design, budget, and functionality challenges.

Don Spencer

Position: Customer Service Specialist

Professional Background: Strong background in retail and customer service.

Contributions: Passionate about helping customers find the perfect tile, carpet, or wood flooring for their space.

Karen Romine

Position: Tile and Stone Showroom Specialist

Professional Background: Over 30 years in the building industry.

Contributions: Keeps the tile and stone showroom fresh and inspiring.

Whitney Johnson

Position: Administrative and Customer Service Support

Professional Background: Background in administration and customer service.

Contributions: Dedicated to creating a great customer experience and enjoys learning something new every day.

Cali Rhein

Position: Marketing and Social Media Specialist

Professional Background: Longtime media professional specializing in marketing, social media, and content creation.

Contributions: Helps grow the brand’s online presence.

Sarah Grace Johnson

Position: Administrative Support

Professional Background: Currently in school, involved in various activities.

Contributions: Helps in every department, bringing great energy to the office.

Joelle Coulter

Position: Administrative Assistant

Professional Background: Earned a psychology degree from Eckerd College while playing collegiate indoor and beach volleyball.

Contributions: Supports both customers and coworkers with a strong work ethic.

Competitor Profile

Market Insights and Dynamics

The flooring and remodeling industry in Florida is competitive, with numerous local businesses offering similar services. Companies like Wade Flooring & Remodeling, Inc. differentiate themselves through personalized service, quality products, and community involvement.

Competitor Analysis

Wade Distributors, Inc.: Located in Mobile, Alabama, this company offers a wide selection of flooring options, including tiles, laminate, and vinyl, catering to both residential and commercial needs.

Wade Renovations, Inc.: Based in Palm Harbor, Florida, this company specializes in residential and commercial remodeling and repair, boasting over 30 years of experience in the industry.

Strategic Collaborations and Partnerships

Specific details about collaborations or partnerships are not publicly disclosed.

Operational Insights

Wade Flooring & Remodeling, Inc. competes by offering a comprehensive range of services, maintaining high-quality standards, and fostering strong community relationships.

Strategic Opportunities and Future Directions

The company has opportunities to expand its service offerings, enhance its online presence, and explore new markets to continue its growth trajectory.