Floor Coverings: Retail & Installation with Unique Virtual Showroom Stations

1220

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

Seller Financing:

10%

Sale Reason:

Retirement and health