Flooring Company in Highlands County

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Asking Price:
$695,000

Gross Revenue:
$1,883,660
Cash Flow:
$322,815
(Seller's Discretionary Earnings)

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

FF&E:
$100,000
included in asking price

Real Estate:
$900,000
not included in asking price

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Business Description

A full service flooring company dealing in carpet, tile, vinyl and wood floors. Full staff and manager in place. Nine years of growth and successful installation in new and existing homes and businesses. Largest flooring company in the area.Seller owns the building and will either sell and hold mortgage or lease it to new buyer. Seller will stay on as a part time sales person. Revenues have been increasing each year. Located on major trans Fla. Rte. Business has been SBA Pre Qualified. Total SBA loan and fees equal $782,800. Buyers Cash Injection to be $157,000. SBA loan amount $625,800. Ten year amortization. Real estate has also been SBA Pre Qualified.
Please refer to listing number 0101-716303 and advisor Arthur Pernice when inquiring on this listing.

About the Business

Location:
Highlands County, Florida
Year Established:
2010
Number of Employees:
4
Relocatable:
Yes
Real Estate:
Owned
Building Sq. Ft.:
6,000
Facilities:
Lease/Month: 6500 Square Footage: 6000 Building Type: free standing
Terms & Options: available Expiration Date: 12/1/2028
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will train for 2 weeks at no cost.
Seller Financing:
Loan/other available: $538,000 for 120 months, 8 % = $6,527.42 monthly payment

Listing Info

ID:
1603263
Ad Detail Views:
0

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Business Listed by

Arthur Pernice

Transworld Business Brokers, LLC.
License# SL703594

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Sponsoring Broker:

Andrew Cagnetta
Transworld Business Brokers, LLC.
License# 6021776


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