Asking Price: $2,999,000 Gross Revenue: $3,763,567Cash Flow: $943,861 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $300,000 included in asking priceFF&E: $100,000 included in asking priceReal Estate: $899,000 not included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Well-established & profitable Flooring & Cabinet Business. The business operates a retail facility and is specialized in cabinets and flooring for home improvement and custom homes projects - It is not dependent on builders. This makes the business more recession-resistant and provides better cash flow. For the past 5 years,The business is showing a 15% steady profitability growth each year.
About the Business
Number of Employees:
5 FT/10 PT
The business occupies over 15,000 sq ft building on several acres of land. The property is very well-located on a busy thoroughfare. Seller desires to sell property with the Business. Rent is equivalent of mortgage for presentation purpose.
The business has healthy competition and demand is high as demonstrated by the impressive business growth. Some of the main players may be specialized in flooring or cabinet, or may offer other services or address the market under a different approach. Large home improvement stores and franchises are considered a different market and have a hard time competing on price and/or service.
Growth & Expansion:
As the area is expanding at a fast pace, so is the market related to housing products. The industry is far from saturated in the market area and there is room to continue growing. With quality products, great services and good management, the Business should continue expanding and is far from having reached its full potential.
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. See our
full Terms & Conditions.