This established and highly profitable, multi-location residential and commercial flooring sales, installation and service business with a reputation for providing excellence in product and service to it's customers in and around the Washington, DC metropolitan area for over three decades!
Current Owner/Founder wishes to retire but is fully committed to ensuring the new owner is well situated to take this business to the next level and as such, is willing to stay on under a new owner long-term to ensure critical customer and vendor relationships are maintained.
Business is being offered with option to purchase a company owned, warehouse property currently valued at approximately $5MM or with very attractive lease terms on the warehouse.
All interest parties are required to contact the listing broker via this site to request a confidentiality agreement. All inquires will need to provide proof of the experience and the financial means necessary to consider a transaction of this size and scope prior to receiving any detailed information.
About the Business
North Bethesda, Maryland
Number of Employees:
Multiple showrooms all with long term assignable leases. Option to purchase a company owned warehouse property currently valued at approximately $5MM or with very attractive lease terms on the warehouse.
The owner and founder of this highly successful 32 year business has been committed since day one to working harder than any of his competitors and cares deeply about his customers, employees and the community. Maintaining these core values has made this company a household name in the metropolitan DC market.
Growth & Expansion:
Consistently Profitable, Expert Management Team. Great Locations. Easily Scale-able. Enormous, pent-up customer demand for the products and services provided by this company. Expanded to five locations in 2017 adding a very high income area which should add another $1MM + in gross sales in the current 2019 operating year.
Seller will provide transition for up to one year and remain on in a consulting role long-term as needed.
Will finance a portion
Ad Detail Views:
Asking Price: $1,400,000 Gross Revenue: $11,500,000Cash Flow: $600,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $800,000 not included in asking priceFF&E: $270,000 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.
Retail and Commercial Flooring Company DC Metro Market - Over 30 Years
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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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