Floor Specialties Established 40 yrs

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Asking Price:
$2,799,000

Gross Revenue:
$1,335,982
Cash Flow:
$787,023
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

FF&E:
$250,000
included in asking price

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Business Description

Well established floor specialties service business. Strong repeat and referral customer base (over 90%). Very easy to run and manage. Owner is divesting to focus on other unrelated business. Service area could be expanded as they turn down work. Almost no commercial jobs.They focus on high end residential. Strong financial history, good books and records. Little to no overhead. Financials show as a fully absentee business, replacing the owner's son who is running the business as the manager/lead estimator. 2019 already projected to supersede 2018 by 10+% Please refer to listing number 6401-808209 and advisor Erin Bean when inquiring.

About the Business

Location:
Indian River County, Florida
Year Established:
1979
Number of Employees:
8
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
700
Rent:
$750.00 Per Month
Lease Expiration:
11/30/2019
Facilities:
Lease/Month: $750, Square Footage: 700, Building Type: Lt Industrial
Terms & Options: New Lease Expiration Date: 11/30/2019
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About the Sale

Reason For Selling:
Divestiture
Training/Support:
Seller will train for 4 weeks at no cost
Seller Financing:
SBA Loan Available: $2,082,000 for 120months at 7.75%= $24,986.21 monthly payment

Listing Info

ID:
1543214
Ad Detail Views:
290

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Business Listed by

Erin Crawford

Transworld Business Brokers, LLC
License# SL3289371

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Sponsoring Broker:

Andrew Cagnetta
Transworld Business Brokers, LLC
License# 3010767


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