Listing ID: 73548
SBA lender pre-qualified with approximately $250,000 DOWN !!!
Long standing Kitchen And Bathroom Remodeler of over 28 years with an impeccable reputation of quality products and great customer service. They carry the finest products from all over the world. Business includes a a BEAUTIFUL showroom that attracts consumers, contractors, and home interior designers.
This HIGHLY PROFITABLE business is located in beautiful Pinelllas County, Florida and servicing the Greater Tampa Bay Area.
The office staff and subcontractor installers have been with this company for a very long time! Loyal dependable AND dedicated! The staff and subcontractors have been with the company for 10, 15 and 20 years. This is a booming business in BOOMING Florida with with so many newer homes being built and with many existing home owners remodeling their current homes.
Sellers will stay on for 30 days for a familiarization period to ensure a smooth transition and continued success for the new owners. One of the owners would consider staying on part-time as an employee. The business is currently qualified by a General Contractor for a nominal fee and would continue to qualify the new buyers if needed. THIS IS A MUST SEE!!
*** SUBMIT YOUR INFORMATION THRU THE CONTACT FORM SECTION TO THE RIGHT TO RECEIVE THE NON-DISCLOSURE***
We will not release any information unless there is a Non-disclosure signed with proof of funds. No Exceptions.
IMPORTANT NOTICE: This is an operating business being offered for sale “CONFIDENTIALLY”. Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
- Asking Price: $1,500,000
- Cash Flow: $681,276
- Gross Revenue: $3,519,213
- EBITDA: N/A
- FF&E: $200,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:6,000
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
30 DAYS AT NO COST TO BUYER. ONE OF THE SELLERS IS WILLING TO STAY ON AFTER THE 30 DAYS AS A PART TIME PAID CONSULTANT OR EMPLOYEE.
This business is a landmark in its field with over 28 years in business.
The venture was founded in 1995, making the business 27 years old.
The company has 12 employees and is situated in a building with disclosed square footage of 6,000 sq ft.
The building is leased by the business for $6,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell operating businesses. However, the real factor vs the one they tell you may be 2 absolutely different things. For instance, they might claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or a range of other factors. This is why it is really important that you not depend totally on a vendor's word, yet rather, use the seller's response along with your overall due diligence. This will repaint an extra realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that revenue margins are too tight. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new customers? Many times, businesses have repeat customers, which develop the core of their everyday profits. Specific elements such as brand-new competitors sprouting up around the location, roadway building, and also personnel turnover can affect repeat clients and also negatively affect future incomes. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business often, the greater the possibility to develop a returning consumer base. A final thought is the basic area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood median home earnings influence future income potential?