Listing ID: 76556
This is a very well-established and dominant market leader in a well-to-do Denver suburb specializing in flooring and window coverings since 1972.
Now owned and run by the 2nd and 3rd generation, it was – from the beginning – dedicated to making the process of interior decorating easier for the homeowner through education-based service.
The company is an exclusive dealer for Hunter Douglas Gallery and is an Abbey Flooring franchisor. They display the entire Hunter Douglas product offering of blinds, shades, sheer shadings, and shutters, as well as a custom drapery and fabrics library. They have full-service showroom featuring everything from Abbey’s hardwood to luxury vinyl flooring.
Serving both commercial and residential clients, this firm prides itself in recommending just the right product, and having it correctly installed, all at a competitive price.
This is an ideal and unique opportunity for an investment-minded, entrepreneurial, or strategic buyer. Significant long-term sales growth is being driven by the many current market forces.
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- Asking Price: $1,050,000
- Cash Flow: $340,000
- Gross Revenue: $2,650,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $25,000
- Inventory Included: N/A
- Established: 1972
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:6,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Offices, showrooms and warehouse facility currently leased by the company from the business owner’s separate holding company. Owner will lease or sell the building as desired.
Seller will be available to train and assist new owner as needed.
Owner is essentially retiring and will allow plenty of time to train a new owner
There are many competitors, but this shop has built a reputation locally and nationally.
This company is positioned to continue being successful in its high-end niche of custom interiors. Market strategy will be discussed privately with prospective buyers.
The venture was established in 1972, making the business 50 years old.
The deal doesn't include inventory valued at $25,000*, which ins't included in the asking price.
The business has 6 employees and resides in a building with disclosed square footage of 6,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. However, the genuine factor vs the one they tell you might be 2 entirely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of various other factors. This is why it is really important that you not count entirely on a seller's word, yet instead, make use of the vendor's answer in conjunction with your overall due diligence. This will paint a more sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that earnings margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new clients? Many times, operating businesses have repeat consumers, which develop the core of their daily earnings. Particular factors such as new competitors sprouting up around the location, roadway building and construction, as well as employee turn over can affect repeat customers and negatively impact future revenues. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the better the opportunity to construct a returning client base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Just how might the regional average household income impact future revenue prospects?