Business Overview

The company is a full-service provider of surface solutions for residential and commercial spaces. The business offers design services, flooring, wall, and countertops products, and installation services. This unique approach focuses on the overall customer experience by simplifying the selection, design, and installation process which is a winning formula for business growth. The business has a variety of customers which include minor remodeling project to large commercial projects. The business has a strong reputation for its customer service, and many are repeat customers. The business has a user intuitive website that allows customers to request a free project consultation meeting.

Financial

  • Asking Price: $795,000
  • Cash Flow: $223,000
  • Gross Revenue: $2,730,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2004

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:11
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The company operates from leased space.

Is Support & Training Included:

The owner will provide transition support to the buyer

Purpose For Selling:

Pursuing other business interests

Pros and Cons:

Other flooring contractors exist in the region.

Opportunities and Growth:

The company has various opportunities for growth.

Additional Info

The company was established in 2004, making the business 18 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell businesses. However, the true factor vs the one they tell you may be 2 completely different things. For instance, they may claim "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a variety of various other factors. This is why it is really important that you not rely absolutely on a vendor's word, however rather, use the vendor's solution combined with your overall due diligence. This will paint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses take out loans in order to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too tight. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be met or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract brand-new clients? Most times, companies have repeat customers, which form the core of their daily earnings. Specific aspects such as new competition sprouting up around the area, road construction, as well as staff turnover can impact repeat customers as well as negatively affect future profits. One vital thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the opportunity to develop a returning consumer base. A final idea is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional average house income impact future income potential?