Listing ID: 80646
This business is a unique and innovative business model revolutionizing the flooring industry. Ultimately, we are a labor company specializing in the installation of floors, not the sale of flooring products.
The owner/operator meets with customers, completes the installation estimate, and then allows the customer to source the actual flooring from anywhere they see fit. Once the estimate is performed and the job is booked, Owners manage subcontractors who complete the labor and spend their time as the main point of contact for the customer ensuring a smooth and professional experience.
By operating this type of model, Owners are home-based with no need for expensive real estate or complicated leases, they do not have any overhead as they have no need for flooring inventory, and they do not have any employees as the labor is completed by 10-99 subcontractors. This simple and cost-effective concept allows Owners to earn over $808K in Average Gross Sales and enjoy a quick ROI with our extremely attractive margins.
If that wasn’t enough to make the business attractive, the corporate team also handles the majority of the marketing, helping Owners find new customers, and runs a call center that fields all customer queries and completes the scheduling.
- Asking Price: $97,580
- Cash Flow: $217,394
- Gross Revenue: $808,547
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
For initial training, we host Owners at our corporate headquarters in Colorado for two weeks. After that, they go back to their territory and run their business for 6-7 weeks while gaining true on-the-job experience. After this period, we invite them back to Colorado for an additional week of training, covering specifics related to their experience working the business. We have found this type of training to be extremely successful and something our Owners rave about!
This Business Is Home Based
The business was established in 2008, making the business 14 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. Nevertheless, the true factor and the one they say to you might be 2 entirely different things. For instance, they might claim "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in revenues, or a range of other reasons. This is why it is really important that you not rely entirely on a seller's word, yet instead, make use of the seller's response along with your total due diligence. This will paint a much more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that revenue margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new customers? Most times, operating businesses have repeat consumers, which form the core of their everyday profits. Specific elements such as new competitors sprouting up around the area, roadway construction, and employee turnover can affect repeat customers as well as adversely impact future revenues. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning client base. A last thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Just how might the local median house income influence future revenue potential?