Listing ID: 77630
The business Nets over $28K per month! The asking is only $475K + Inventory.
This business was established 34 years ago! Sales are great!
This business does over $300,000 per month in revenue!
They have grown over the years and become a “go to” source for beautiful imported tiles
from Italy & Spain. NO CONTRACTORS LICENSE REQUIRED. They do not do installs but that could be another added feature if the buyer wanted to do that. Revenue is very steady but increasing the product line would boost sales. Recently, they have been selling the imported product to other flooring stores.
There are at least 1000+ names of contractors and home improvement enthusiasts in their data base.
The seller owns the building and will be the landlord for the buyer. The building was custom made for the business in 2005 and has a lot of room grow. The landlord has set the rent below market to set up the buyer for success.
Excellent staff, very capable and knowledgeable. The business comes well equipped with no debt or leased equipment.
Financial records are clean and well organized. If the buyer has excellent credit & collateral it will be SBA possible.
Buyer must have $250,000 for the SBA down payment and the lease deposit.
Asking price $475k for the business + Inventory at cost
- Asking Price: $975,000
- Cash Flow: $232,555
- Gross Revenue: $3,115,472
- EBITDA: N/A
- FF&E: N/A
- Inventory: $520,000
- Inventory Included: Yes
- Established: 1987
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:35,000
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Beautiful custom made facility that will service the business for many years to come. This building has ample space, loading docks and can handle adding triple the product inventory.
Seller will stay with the buyer for 3 weeks but will also be available as a compensated consultant if necessary.
Retirement, seller has run the business almost 40 years and he has health issue
This business has an advantage that they carry some exclusive lines from Italy & Spain. Growing those lines and adding more separates them for other flooring businesses.
Building in southern Cali never stops and renovations continue to drive this type of business.
The company was established in 1987, making the business 35 years old.
The sale will include inventory valued at $520,000, which is included in the asking price.
The company has 9 employees and resides in a building with disclosed square footage of 35,000 sq ft.
The real estate is leased by the company for $21,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. Nevertheless, the genuine reason and the one they tell you may be 2 totally different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be reasons to try to hide the reality of changing demographics, increased competition, current decrease in earnings, or a variety of various other factors. This is why it is very essential that you not depend entirely on a vendor's word, yet instead, use the seller's response together with your general due diligence. This will paint an extra reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover things such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that earnings margins are too thin. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. 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 satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in brand-new consumers? Most times, companies have repeat clients, which form the core of their everyday profits. Particular variables such as brand-new competitors sprouting up around the location, roadway building, and also staff turn over can impact repeat customers and adversely affect future earnings. One vital thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the better the opportunity to develop a returning customer base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the local mean house income influence future revenue prospects?