Listing ID: 79474
PRICE REDUCED This Family-owned and Operated Business is well known in the Community for offering Quality Flooring, Art Ceramic, Metal Tiles , Glass, Stone Mosaics that will satisfy all floor, wall and backsplash needs. The 12 lines of Cabinets offered will WOW any Customer. Located in Palm Beach County this facility has a 7500 square foot combination Showroom/Warehouse. Cliental include Architects, Interior Designers, and Tile Contractors that confidently recommend this facility to their customers, they can depend on their highly trained staff for assistance and TOTAL SERVICE. This Seller is retiring and looks forward to passing on their knowledge and experience in this highly sort after business. Due to the current building BOOM, this is the BEST INDUSTRY in FL.! Don’t miss this opportunity! Please refer to listing 7301911660, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $250,000
- Cash Flow: $100,304
- Gross Revenue: $1,019,705
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $150,000
- Inventory Included: Yes
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:7,400
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 6,863 Square Footage: 7,400 Building Type: Commercial Terms & Options: Negotiable Expiration Date: 1/1/2026
4 weeks training at no cost
Non Compete : Miles: 100 Years: 5
The venture was established in 2006, making the business 16 years old.
The transaction will include inventory valued at $150,000, which is included in the listing price.
The company has 3 employees and is located in a building with estimated square footage of 7,400 sq ft.
The building is leased by the business for $6,863 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell operating businesses. However, the genuine reason and the one they say to you may be 2 totally different things. For instance, they may state "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a variety of other factors. This is why it is really important that you not rely completely on a vendor's word, but rather, make use of the vendor's answer in conjunction with your general due diligence. This will repaint a much more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans so as to cover points like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that earnings margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that should be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new consumers? Most times, operating businesses have repeat clients, which develop the core of their daily revenues. Certain elements such as new competition growing up around the location, road building, as well as staff turnover can affect repeat customers as well as negatively affect future profits. One crucial thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the possibility to build a returning consumer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? How might the local median house income impact future income potential?