Listing ID: 80650
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 venture was started in 2008, making the business 14 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. Nonetheless, the real factor and the one they say to you might be 2 totally different things. As an example, they may claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, recent reduction in profits, or a range of various other factors. This is why it is very essential that you not depend completely on a vendor's word, yet rather, utilize the seller's answer together with your overall due diligence. This will paint an extra practical image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover points such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can imply that earnings margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new consumers? Most times, operating businesses have repeat clients, which develop the core of their day-to-day earnings. Particular factors such as new competition sprouting up around the area, roadway construction, as well as employee turnover can impact repeat clients as well as negatively impact future profits. One crucial thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business often, the better the opportunity to build a returning client base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the local average house earnings impact future revenue potential?