Asking Price: $259,000 Gross Revenue: $828,000Cash Flow: $124,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $70,000 not included in asking priceFF&E: $40,000 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.
Established floor covering store with retail location and excellent reputation. Recent 2018 super service award from Angies List. Strong referral and repeat business. The business has seen tremendous growth. From 2016-2018 sales were up 108.2%! Primary areas of focus are hardwood, vinyl planks, laminate, and stair refacing systems. Carpet and tile are also offered. One of the areas only retailers that also offer sanding and refinishing of existing hardwood floors. They offer commercial and residential services. Included in the sale is a beautifully wrapped, one of a kind, mobile showroom with over 2,000 samples onboard, a cargo delivery van, forklift with carpet pole. All labor is contracted out with highly skilled mechanics. Beautiful, recently renovated showroom with attached warehouse. Brand new garage door opener just installed on 12? overhead door. On top of existing showroom is a loft that could double showroom size or simply be used as storage. The showroom is located in an urban enterprise zone which allows them to collect a 50% reduced tax rate on materials. This feature is very attractive to consumers. Financing is also offered to qualified buyers. The current owner is willing to and prefers to stay on part time after the sale.
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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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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