Business Overview

This is a flooring and window covers professional installation company. They provide everything from start to finish for your home or business. With a large showroom and inventory of readily available products. Everything from carpet, hardwoods, slate, stone etc. Exclusive brand with a highest quality installation. All installers are certified.

Financial

  • Asking Price: $2,600,000
  • Cash Flow: $520,000
  • Gross Revenue: $2,800,000
  • EBITDA: $520,000
  • FF&E: $200,000
  • Inventory: $150,000
  • Inventory Included: Yes
  • Established: 1949

Detailed Information

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

Property is included in the sale of the business...large newly remodeled showroom as well as great storage for the inventory located on site.

Is Support & Training Included:

The Seller will provide training for 2 weeks at no cost.

Purpose For Selling:

Seller is retiring

Pros and Cons:

Very little competition in this area of the state.

Opportunities and Growth:

Business has been in existence for over 60 years and has a fantastic location to provide a great sales opportunity. The city where this is located is experiencing a huge influx of population.

Additional Info

The venture was founded in 1949, making the business 73 years old.
The sale does include inventory valued at $150,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the real reason and the one they tell you may be 2 completely different things. As an example, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be excuses to attempt to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or an array of other reasons. This is why it is extremely vital that you not count entirely on a vendor's word, but instead, utilize the seller's solution in conjunction with your general due diligence. This will repaint a much more practical image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies finance loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that revenue margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract brand-new consumers? Often times, operating businesses have repeat consumers, which form the core of their everyday earnings. Particular elements such as brand-new competition sprouting up around the area, roadway building, as well as personnel turn over can impact repeat consumers and also negatively influence future profits. One important point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the higher the chance to build a returning consumer base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Just how might the local average household income influence future income potential?