Listing ID: 79481
Established Since 1987 This Tile and Flooring Supply Wholesaler is one of the largest most Experienced Tile Wholesale Distributors of Indoor and Outdoor Flooring in the State of FL. They have affiliations with hundreds of Wholesale and Retail customers that purchase their finest Import and Domestic Marble, Porcelain, Ceramics, and granite along with a large variety of beautiful Hardwoods. Strategically located in a 27000 sq ft Facility that has one of the largest selections in their Showroom and a warehouse with over $300k of top quality inventory included in the sale. They are fully equipped with several trucks and vehicles to expedite delivery to all their customers. The seller owns the facility and is willing to sell the business with a lease or include this highly desirable facility valued at $7mm. Financing is available to a qualified buyer. Don’t Miss This Opportunity! Please refer to listing 7301964066, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $1,000,000
- Cash Flow: $260,082
- Gross Revenue: $1,202,587
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $300,000
- Inventory Included: Yes
- Established: 1987
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:27,000
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 27,000 Square Footage: 27,000 Building Type: Commercial Terms & Options: Negotiable Expiration Date: 11/1/2026
4 weeks training at no cost
Non Compete : Miles: 500 Years: 5
The venture was established in 1987, making the business 35 years old.
The transaction shall include inventory valued at $300,000, which is included in the suggested price.
The company has 4 employees and is situated in a building with disclosed square footage of 27,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 completely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or a range of other factors. This is why it is really vital that you not depend entirely on a seller's word, yet instead, make use of the vendor's response in conjunction with your total due diligence. This will repaint a much more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover items like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that revenue margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that have to be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in new clients? Most times, businesses have repeat clients, which develop the core of their day-to-day revenues. Certain factors such as brand-new competition sprouting up around the location, roadway building and construction, and staff turnover can affect repeat consumers as well as adversely affect future incomes. One crucial thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the greater the possibility to build a returning client base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood typical home income effect future income potential?