Business Overview

Established and deeply rooted in the community. This successful retail flooring and installation company for sale. Business operates in North Texas primarily as a flooring retailer and installer. Business serves customers in Denton, Cooke, Grayson and Collin counties.

Company had biggest year ever in 2020 and is on pace to be even bigger this year! Solid financials and Cash flowing. All inventory and equipment included in the sale. Business comes with an established customer base and easily recognizable name in the community. the company is one of the best in the area with longstanding and high quality customer service. Clients have included multimillion dollar companies and residences, with small business owners and home owners making up the majority of the customer base.

A great investment for established flooring company or a new owner operator, or investor looking to add to a portfolio of companies.

Financial

  • Asking Price: $199,000
  • Cash Flow: $80,000
  • Gross Revenue: $600,000
  • EBITDA: N/A
  • FF&E: $10,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 1948

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Retail and office front with warehouse space in the back to store equipment and flooring inventory

Is Support & Training Included:

Seller will offer 2 weeks of training and is willing to help consult as needed for up to 2 months.

Purpose For Selling:

Retiring

Additional Info

The business was established in 1948, making the business 74 years old.
The deal shall include inventory valued at $20,000, which is included in the listing price.

The company has 4 employees and is situated in a building with estimated square footage of 3,000 sq ft.
The building is leased by the business for $1,250 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell companies. Nonetheless, the real reason and the one they say to you may be 2 entirely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or a variety of various other reasons. This is why it is very crucial that you not rely completely on a seller's word, however instead, utilize the seller's answer together with your general due diligence. This will paint an extra practical picture of the business's current situation.

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 businesses take out loans in order to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that revenue margins are too tight. Numerous companies 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 think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be satisfied or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract new customers? Often times, operating businesses have repeat clients, which develop the core of their daily profits. Specific elements such as new competitors growing up around the location, roadway building, as well as personnel turnover can impact repeat clients and adversely affect future earnings. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the chance to develop a returning client base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? How might the local mean household earnings impact future earnings potential?