Eastern Michigan Commercial and Retail Floor Covering supplier

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Eastern Michigan Commercial and Retail Floor Covering supplier. Approx $7 millio
Asking Price:
$2,725,000

Gross Revenue:
$6,947,228
Cash Flow:
$746,063
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,150,000
included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
$3,000,000
not included in asking price

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Business Description

Independently owned, multi-location Commercial Floor Covering (65% of sales) and Residential Floor Covering (35% of sales) retailer. This is an established company with outstanding brand reputation. Combined revenues for all 3 locations was approximately $7 million with cash flow of approximately $750,000 in 2017. Business for sale for $2.725 million and the real estate is also for sale for $3.0 million for a total purchase price of $5.725 million. Leasing the real estate is also an option. For additional information please contact Rick Elliott with Sunbelt Business Advisors at 612-238-1282 or relliott@sunbeltmidwest.com.

About the Business

Year Established:
1959
Number of Employees:
17
Real Estate:
Owned
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About the Sale

Reason For Selling:
Retirement
Seller Financing:
SBA

Listing Info

ID:
1570968
Ad Detail Views:
64

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Business Listed by

Sunbelt Business Brokers and M&A Advisors

Sunbelt Business Brokers
License# 40214109

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