Listing ID: 64174
*******SELLER FINANCING AVAILABLE********
Flooring franchise opportunity has a unique and innovative business model involving the flooring industry. Ultimately a labor company specializing in the installation of floors, not the sale of flooring products. Franchise Owners meet with customers, complete the installation estimate, and then allow the customer to source the actual flooring from anywhere they see fit. Once the estimate is performed and the job is booked,
Franchise Owners manage subcontractors who complete the labor and spend their time as the main point of contact for the customer ensuring a smooth and professional experience. By operating this type of model, Franchise Owners are home-based with no need for expensive real estate or complicated leases, they do not have any overhead as they have no need for flooring inventory, and they do not have any employees as the labor is completed by 1099 subcontractors. This simple and cost-effective concept allows
Owners have the potential to earn over $808K in Average Gross Sales and enjoy a quick ROI with extremely attractive margins. Franchise has a built-in call center and marketing support model that allows owners to really focus on the service aspect of the business. No back-breaking labor. No tedious scheduling tasks. No missed customer calls. No inventory to consider. Great opportunity to expand on already existing successful territory.
This model is made for you to use sub-contractors for labor. You can expand to hiring in-house sales people and a project manager if you want to be able to step away from the business. The Birmingham (central Alabama) territory would support 2-3 sales people and 1-2 project managers.
- Asking Price: $100,000
- Cash Flow: $20,000
- Gross Revenue: $100,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2020, making the business 2 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nonetheless, the true reason vs the one they say to you might be 2 completely different things. For instance, they might say "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competition, current reduction in revenues, or a range of various other factors. This is why it is very vital that you not depend absolutely on a vendor's word, however rather, make use of the vendor's answer combined with your overall due diligence. This will repaint a more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering points such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can imply that earnings margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new clients? Most times, companies have repeat consumers, which develop the core of their day-to-day revenues. Particular variables such as new competition growing up around the area, road building, and staff turn over can influence repeat consumers and adversely influence future profits. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business often, the greater the opportunity to build a returning client base. A last thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional typical house earnings influence future revenue prospects?