Under Contract
Custom Closet Business for over 20 years
| 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 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
Listed By: Greg Bell
Background information
Reference:
53332
Year established:
2002
Reason selling:
Retirement
Finance
Sales:
$3,193,765
Profits:
$939,840
Profit type:
Discretionary Earnings
Operations
Employees:
FT 8 and PT 3
Equipment:
All FF&E is included in the sale price
Inventory:
All inventory is included in the sale price
Furniture fixtures and equipment:
FF&E List available
Premises
Facility:
1398 sq ft retail facility
Square footage:
1398
Rent and lease terms:
Building is owned by the current business owner and is available for purchase
Location:
SWFL
Opportunities
Growth:
Opportunity for growth in organizational services, expansion of footprint in the franchise, and developing builder relationships.
Market:
Growing market area with new residents and renovations going on constantly.
Price and terms
Price:
$2,300,000
Financing:
Seller is willing to discuss a small note for the right buyer and offer
Training:
Owner is willing to train for 4 weeks at no cost