Listing ID: 80649
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 people decide to sell businesses. Nevertheless, the true factor vs the one they say to you may be 2 completely different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or a range of various other factors. This is why it is very important that you not depend totally on a seller's word, but instead, utilize the vendor's answer together with your total due diligence. This will paint a more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might 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 charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new consumers? Often times, businesses have repeat customers, which develop the core of their day-to-day earnings. Particular variables such as brand-new competition growing up around the area, roadway construction, and also employee turnover can influence repeat clients as well as negatively influence future incomes. One important thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business regularly, the higher the chance to develop a returning customer base. A final 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 mean home earnings influence future income potential?