Status: Sold
20 Year old Luxury Custom Closets Business - Listing #: 53332
| Listing No: BBF-966-53332 | *Lender Pre-Qualified* *May Qualify For Visa* |
| Category | : | Construction | SIC | : | 1521 | |
| Detail | : | Contractor Closets | Price | : | 2,300,000 | |
| County | : | Collier | Down | : | 2,300,000 | |
| State/Prov | : | Florida | Disc Earn | : | 939,840 | |
| Country | : | USA | Sales | : | 3,193,765 |
|
This business specializes in the installation of Murphy Beds, Home Offices, Entertainment Centers, Garage Cabinets and Custom Closets for more than 20 years. They have a fantastic reputation in the market for bringing their customers organizational dreams to life. Their innovative designs, experienced staff, and meticulous installation crews will transform any space in or out of your house. |
| Reason for Sale | : | RETIREMENT |
| General Location | : | SWFL |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 5 |
| : | Years Established : 21 Years Owned: 21 Emp FT: 8 Emp PT: 3 Mgrs: 1 | |
| Non Compete | : | Miles: 150 Years: 3 Weeks Training: 4 Cost: 0.00 |
| Operating dys/hrs | : | M-F 10-5pm |
| Skills/Licenses | : | General Business |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: Y Is Lender P/Q: Y May Qualify For Visa: Y |
| Data Source | Tax Return | Tax Return | Tax Return | ||
| Year (Cash Flow) | 2022 (N) | 2021 (N) | 2020 (N) | ||
| Gross Revenue | 3,193,765 | 2,746,709 | 1,748,021 | ||
| Cost of Goods | 959,978 | 991,758 | 649,494 | ||
| Gross Profit | 2,233,787 | 1,754,951 | 1,098,527 | ||
| Expenses | 1,420,639 | 1,273,899 | 915,401 | ||
| Net | 813,148 | 481,052 | 183,126 | ||
| Owner Salary | 40,109 | 65,109 | 60,289 | ||
| Benefits | 27,690 | 25,460 | 17,909 | ||
| Interest Expense | 0 | 1,863 | 896 | ||
| Depreciation | 30,823 | 27,726 | 22,199 | ||
| Other | 28,070 | 0 | 0 | ||
| Discretionary Earnings | 939,840 | 601,210 | 284,419 |
| Accounts Rec | 0 | N* | Real Estate | 1,500,000 | A* |
| Inventory | 5,000 | Y* | ___________ | 0 | N* |
| F F & E | 20,000 | Y* | Total Assets | 25,000 | Y* |
| Leasehold | 0 | N* | *Included? |
| Lease/Month: | Square Footage: | Building Type: |
| Terms & Options: | Expiration Date: |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 2,300,000 | Down Payment | 2,300,000 | |
| Working Capital | 0 | Loan/Assumable | 0 | |
| Loan Fees | 0 | Loan/Seller | 0 | |
| Closing Costs | 0 | Loan/Other | 0 | |
| Total | 2,300,000 | Total | 2,300,000 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Other | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 |
| GREGORY T. BELL | Office | : | (239) 849-9334 | |
| ASSOCIATE | Agent Direct | : | (913) 226-7735 | |
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Fax | : | ||
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | Cell | : | (913) 226-7735 |
| NAPLES, FLORIDA 34105 | : | gbell@sunbeltnetwork.com | ||
| USA | Home Page | : | sunbeltofflorida.com |