Business Overview

For sale – $950K with $330K average cash flow over the past 3 years (including 2020). Franchise counter top, back splash, cabinet refacing, and general bath and kitchen remodeling firm covering 3 large metro areas. This is an established franchise business that has been around since 2005, and growing year over year. It is extremely well run with over 31 employees in both production operations and in the field. Ideally suited for existing construction, builder, or renovation firms looking to expand or add additional capacity. Seller is seeking other, larger opportunities but is willing to train a new owner for up to 60 days. You will be impressed by this business! Don’t pass this one up.

Financial

  • Asking Price: $950,000
  • Cash Flow: $340,000
  • Gross Revenue: $3,825,475
  • EBITDA: $236,478
  • FF&E: $81,038
  • Inventory: $44,242
  • Inventory Included: Yes
  • Established: 2005

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:9,000
  • Lot Size:N/A
  • Total Number of Employees:31
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Business occupies leased space with 7200 SF of production space and 1800 SF of showroom space. Located on a high traffic thoroughfare with easy access to interstate highways.

Is Support & Training Included:

Owner willing to stay on with the right buyer to ensure a smooth transition.

Purpose For Selling:

Looking for larger opportunities

Opportunities and Growth:

Large Retailer contract that is growing the business exponentially and replacing the need to advertise at all.

Additional Info

The company was started in 2005, making the business 17 years old.
The transaction will include inventory valued at $44,242, which is included in the listing price.

The company has 31 employees and is situated in a building with disclosed square footage of 9,000 sq ft.
The property is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell companies. Nevertheless, the genuine reason vs the one they say to you might be 2 absolutely different things. For instance, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competition, current reduction in earnings, or a range of other factors. This is why it is very vital that you not depend totally on a vendor's word, yet instead, use the seller's response combined with your general due diligence. This will paint a much more realistic picture of the business's current situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that earnings margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in new customers? Often times, businesses have repeat consumers, which develop the core of their everyday profits. Particular factors such as new competition growing up around the area, roadway building and construction, and also staff turn over can impact repeat customers and also negatively influence future profits. One important point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the opportunity to construct a returning consumer base. A final thought is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? How might the local median home income influence future revenue prospects?