Business Overview

This is a well-established tile and interior design company, located in Tampa with great reviews, perfect for expansion in this hot housing market, expansion is limitless, low expenses and low overhead make this an ideal business for growth. The owner is also an operator, tile experience will help.

Financial

  • Asking Price: $269,000
  • Cash Flow: $126,178
  • Gross Revenue: $505,606
  • EBITDA: N/A
  • FF&E: $30,000
  • Inventory: $500
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:950
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

show room and office

Is Support & Training Included:

14 days - 30 days

Purpose For Selling:

ask seller

Additional Info

The business was started in 2010, making the business 12 years old.
The sale will include inventory valued at $500, which is included in the requested price.

The company has 3 employees and resides in a building with estimated square footage of 950 sq ft.
The real estate is leased by the company for $1,230 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell companies. Nevertheless, the genuine factor and the one they say to you might be 2 absolutely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competition, current decrease in revenues, or an array of other reasons. This is why it is very vital that you not rely entirely on a seller's word, but instead, use the seller's solution combined with your total due diligence. This will repaint a much more sensible image of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that revenue margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be met or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area bring in brand-new clients? Many times, companies have repeat customers, which form the core of their daily profits. Particular elements such as brand-new competitors sprouting up around the location, roadway building, as well as employee turn over can influence repeat clients and also negatively impact future earnings. One important thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the possibility to build a returning client base. A last thought is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? How might the neighborhood typical home earnings influence future earnings prospects?