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Asking Price$368,000
Revenue | $1,934,180 |
Established | 1994 |
Cash Flow | $298,651 |
Employees | 11 part-time |
FF&E | $68,064* |
Franchise | No |
Inventory | $23,700* |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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Since 1994, serving repeat clientele and a strong developed customer base made up of interior designers, general contractors, architects, word of mouth, and repeat clients. Selling and installing carpet, tile, stone, hardwood, laminate, vinyl, installation supplies, lighting, countertops and home accessories in name brands like Shaw, Mohawk, Mannington, Congoleum, Florida Tile, and Interceramic. The business has a 6,000 square foot showroom which also encompasses two “virtual showroom” stations for a “visual” experience customized to individual customer choices, plus an off-site warehouse to store the equipment and vehicles. An on-staff designer/decorator is in place to assist in customizing any project and whose responsibilities include sales, design, estimating and showroom displays. Current owners are willing to provide transition assistance for as long as needed. In the first year, after all expenses and debts are paid, a Buyer with a$36,800 down payment can expect a return on investment of $119,896 or 325%.
Other Information Reason for Selling: Retirement and health Personnel: 1 part time interior designer, 1 installer and 9 subcontractors Hours: Mon - Fri 9:00 to 7:00 Sat 9:00 to 5:00 History: In business for 21 years Support to Buyer: 90 Days or as long as needed Additional Information: Financial Overview List Price: $368,000 Gross Sales 2015: $1,934,180 48% Installation 52% Retail & Wholesale 2014: $721,234 46% Installation 54% Retail & Wholesale 80% Tile Owner Profit/Cash Flow 2015: $298,651 2014: $105,929 Profit Margin: 15% Multiple: 3.25 Valuation: Cash Flow x Multiple = Price $178,477 (3 year ave.) x 3.25 = $580,052 Discount of $212,052 from Fair Market Value due to Seller’s desire to retire
Secured POs: $300,000
Business Information Years in business: 21 years Location: Grand Island/Kearney area Service Area: Serving clients in a 100 mile radius Physical Location: 6,000 square foot showroom plus offsite warehouse Clients: Residential homeowners, commercial building managers, contractors, hospitals and assisted living facilities
Leads from: Interior designers, general contractors, architects, word of mouth and repeat clientele
Reason for Selling: Retirement and health
Products Offered: carpet, tile, stone, hardwood, laminate, vinyl, installation supplies, lighting, countertops and home accessories
Employees: 1 part time interior designer, 1 installer and 9 subcontractors Hours: M-F 9-7, Sat 9-5 Seller Training Period: 90 days, or as long as needed Growth Opportunities: Include ancillary services Current Owner’s Responsibilities: AP/AR, Estimate Sheets, Purchase Orders, Sales/Design
Facilities: | Location: Grand Island/Kearney area
Service Area: Serving clients in a 100 mile radius
Physical Location: 6,000 square foot showroom plus offsite warehouse |
Growth Potential: | Include ancillary services |
Training/Support: | 90 days, or as long as needed |
Sale Reason: | Retirement and health |
Ad #78007
Seller Reference #CON017
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