Business Overview

Key Investment Considerations:

• A premiere, fully Insured, tile & marble sales & installation company in Virginia
• SBA Lender Pre-approval status.
• Gross Revenue of $2,212,005 in 2021 during Covid-19
• 10% annual increase in revenue in past years.
• Seller Discretionary Earning: average $669,281 in past 3 years.
• Reason for sale: Retirement
• Business established in 2005 and under same ownership since.
• Excellent reputation in the serving area.
• 4.5 rating with Google Reviews.
• Better Business Bureau A+ rating.
• 4.0 rating with Houzz reviews & 4.9 rating with Angi reviews.
• Great acquisition opportunity for gaining market share, fixed assets (FF&E), and team members.
• Seller is willing to train for 4 weeks after closing.
• Pandemic proof business model with opportunities to grow.
• $300,000 worth of inventory included in listing price.
• $100,000 of furniture, fixture & equipment included in the sale including 1 work van & 2 forklifts.
• Working capital requirement in an estimate of $100,000 on top of listing price.

This Virginia Tile & Marble Sales and Installation Company has been serving both consumers and professionals since 2005. Whether the customer is a homeowner, an interior designer, or a new home builder, they are here to select the best tile to suit customer’s needs.

To ensure customer’s total satisfaction, their professional and courteous staff will assist customers from tile selection to completion of installation. Their remodeling is second to none. Not only customers will get the best service, but they will also get the best prices GUARANTEED!

This company is a family-owned and operated company located in Virginia.

With more advertising and more crews running will help take the company to the next level. This company has been growing in a steady trend in the past few years. With pandemic, this business achieves 21% increase in revenue from 2019 – 2020 New owner can take advantage of the already signed contracts for 2022 and still growing right after the acquisition. Other growth opportunities include expanding additional product lines for sales & installation, E-commerce, outside sales, expand on advertising area and installation area.

Financial

  • Asking Price: $2,500,000
  • Cash Flow: $856,168
  • Gross Revenue: $2,212,005
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $300,000
  • Inventory Included: Yes
  • Established: 2005

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,300
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retirement

Additional Info

The business was established in 2005, making the business 17 years old.
The transaction will include inventory valued at $300,000, which is included in the requested price.

The property is leased by the business for $6,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell businesses. Nonetheless, the true factor and the one they tell you might be 2 totally different things. As an example, they may say "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competitors, current reduction in earnings, or an array of various other factors. This is why it is extremely vital that you not count totally on a seller's word, however instead, utilize the vendor's answer combined with your general due diligence. This will paint a much more practical image of the business's present situation.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that profit margins are too tight. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract new customers? Many times, businesses have repeat consumers, which form the core of their day-to-day revenues. Specific elements such as new competition sprouting up around the location, roadway building, as well as employee turnover can affect repeat consumers and also negatively impact future earnings. One important thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the possibility to develop a returning consumer base. A final idea is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? How might the regional mean home income influence future revenue prospects?