Business Overview

Founded in 2005, this flooring specialty store is in a great location within 30 minutes of downtown Atlanta and serves the entire Atlanta and surrounding suburbs. The Company has a history of working with local builders to furnish their tile needs as well. The Company is highly regarded in the industry for its knowledge, quality, and design choices for residential and commercial spaces. The Seller will train and transition a new owner.

INVESTMENT HIGHLIGHTS:

• The staff has extensive product knowledge, highly trained.
• Large selection of stone and tile.
• Competitive pricing.

GROWTH OPPORTUNITIES:

The Companys management team has identified the following opportunities for near term growth:

Founded in 2005, this flooring specialty store is in a great location within 30 minutes of downtown Atlanta and serves the entire Atlanta and surrounding suburbs. The Company has a history of working with local builders to furnish their tile needs as well. The Company is highly regarded in the industry for its knowledge, quality, and design choices for residential and commercial spaces. The Seller will train and transition a new owner.
INVESTMENT HIGHLIGHTS:
• The staff has extensive product knowledge, highly trained.
• Large selection of stone and tile.
• Competitive pricing.

GROWTH OPPORTUNITIES:

The Companys management team has identified the following opportunities for near term growth:

• Expand Product Offering: Expanding the Company product lines to include wood, granite and quartz fabrication, kitchen cabinets, and bathroom vanities could increase revenues exponentially.
• E-Commerce and Online Marketing: With recent world events encouraging internet sales, this avenue of revenue channel development would likely result in notable short-term revenue gains and could be done by implementing the below.
? Updating the Company website with more current visuals.
? Utilize more PPC marketing ads.
? Social Media marketing to drive sales to the Company website.
? Expand the opening days to add Sundays.
? Sell products through other websites such as Spotify, Amazon, and Walmart.

Financial

  • Asking Price: $1,090,000
  • Cash Flow: $307,483
  • Gross Revenue: $2,570,316
  • EBITDA: N/A
  • FF&E: $126,670
  • Inventory: $642,000
  • Inventory Included: Yes
  • Established: 2005

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:20,553
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

20,553 sq. ft. lease retail space in shopping center

Is Support & Training Included:

Seller will train to ensure a smooth transition

Purpose For Selling:

Retirement

Opportunities and Growth:

The Companys management team has identified the following opportunities for near term growth: • Expand Product Offering: Expanding the Company product lines to include wood, granite and quartz fabrication, kitchen cabinets, and bathroom vanities could increase revenues exponentially. • E-Commerce and Online Marketing: With recent world events encouraging internet sales, this avenue of revenue channel development would likely result in notable short-term revenue gains and could be done by implementing the below. ? Updating the Company website with more current visuals. ? Utilize more PPC marketing ads. ? Social Media marketing to drive sales to the Company website. ? Expand the opening days to add Sundays. ? Sell products through other websites such as Spotify, Amazon, and Walmart.

Additional Info

The company was established in 2005, making the business 17 years old.
The transaction shall include inventory valued at $642,000, which is included in the suggested price.

The company has 8 employees and resides in a building with approx. square footage of 20,553 sq ft.
The property is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. However, the genuine factor vs the one they say to you may be 2 totally different things. As an example, they may claim "I have way too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or a variety of other reasons. This is why it is extremely important that you not rely absolutely on a seller's word, yet instead, make use of the seller's solution combined with your total due diligence. This will paint a more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money so as to cover items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that revenue margins are too tight. Numerous businesses 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 obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new consumers? Often times, businesses have repeat consumers, which form the core of their everyday profits. Particular variables such as brand-new competitors growing up around the location, roadway construction, and personnel turn over can impact repeat consumers and also adversely influence future incomes. One important point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business often, the greater the opportunity to construct a returning customer base. A last idea is the basic area 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 median house income effect future earnings potential?