Asking Price: $1,500,000 Gross Revenue: $2,278,939Cash Flow: $508,674 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $175,000 not included in asking priceFF&E: $300,000 included in asking priceReal Estate: Not Disclosed Share 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.
Kitchen & Bath Sales, Installation and Showroom with on-site Fabrication. Serving all of Suffolk County, this is a solid business with a 30 year track record of success. In fact, over the past 5 years they have shown consistent year over year growth with gross sales of approx. $2,278,939.40 last year. That translates to a net profit of approx. $508,674.00. The business is fully turn-key and housed on a 1/2 acre lot including a 2,900 sq. ft. showroom and a separate 4,000 sq. ft. fabrication shop. The sales prices includes over $300K in furniture, fixtures and equipment. The owner has come to a point where he is working at full capacity and either needs to sell or bring on a 50% working partner to help take the business to the next level. In recent months they have only been taking 2 out of every 5 jobs they are offered. There is immediately growth to be captured with the business they are turning away. We are seeking a serious and financially qualified buyer for an outright purchase or a 50% working partner with at least $500K in liquid funds for an initial equity purchase, plus additional working capital. To learn more, please call or email Mel Vaz today. ALL SITE VISITS MUST BE MADE BY APPOINTMENT ONLY !
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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
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