Asking Price: $529,000 Gross Revenue: $896,810Cash Flow: $152,782EBITDA: $152,782Inventory: $73,000 included in asking priceFF&E: $78,700 included in asking priceShare 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.
Well established franchise specializing in full service remodeling. They offer a unique product line which includes engineered quartz and stone products as well as Italian glass mosaics. While most of the current work is done residential there is a large opportunity for growth if the new owner chooses to pursue commercial work. The business is built for success! The sellers hired and trained an excellent team to do sales and installation. A new owner could pick up where they left off. Discretionary earnings in 2016 were $253,000.
About the Business
Number of Employees:
Building Sq. Ft.:
All fabrication of the product is performed at the current location in a 6,600 square foot space with approximately 5,000 square feet dedicated to fabrication, parking, and inventory storage. 1,600 square feet is dedicated to the showroom floor.
There is no direct competition for this franchise. Others in the market place cost much much more than this franchise product.
Growth & Expansion:
There is serious upside potential if the new owner wants to take on commercial accounts. Current business is 98% residential and has been asked to bid on a 300 unit apartment complex, which would double annual sales. Cash flow in 2016 was $253,000.
Family responsibilities require owner to frequently be in Dayton.
In addition to franchise support and training, the owner understands the potential loss of institutional knowledge and talent involved with sale of the business and the owners departing. To support a successful transition, the owner will work with the new owner to develop a training and transition plan satisfactory to both parties.
Profitable and successful home remolding company – Premium Franchise
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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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