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Floor Coverings Retailer and Interior Design
| Asking Price: | $50,000 | Inventory: | $14,018 ++ |
| Gross Revenue: | $1,139,163 | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | $58,919 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This company is in the business of providing flooring and other surface products and interior design services. They have been established for 13 years and have a solid network of suppliers and sub-contractors. There is one part time employee that does warehousing and receiving duties and 4 full time employees that manage the day-to-day operations of the business. The sellers/owners of the business are passive.
About the Business
Year Established:1994
Employees:4 full time - 1 part time
Facilities:The building was constructed in the last 5 years. The original lease was for 3 years and expires September 30, 2009. The landlord would be willing to enter into another long-term lease.
Market Outlook and Competition:The market has slowed down from its high in 2006. This company is positioned very well to be a major competitor when the construction market rebounds and the demand increases. The asking price does not reflect any attempt to value the company as an on-going enterprise even though an argument could be made to place some value on its operational history. The price reflects a valuation of fixed assets, an attractive showroom and lease, and a working system of controls and procedures as well as a positive reputation in the marketplace with both customers and sub-contractors.
About the Sale
Reason For Selling:In addition to this company, the sellers own a construction company and a manufacturing company. Their strategic direction is to focus more time and resources on the other two companies. Therefore, they are willing to sale this company to accomplish their goals.
Seller Financing:Seller is willing to provide $40,000 of financing
KEYWORDS: carpet, flooring, hardwood, interior design, design, tile, granite, retail, contractor
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State: Idaho
County: Ada Next Listing: Floor Coverings Retailer and Interior Design
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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