Status: Active
Custom Closets, Garage Storage Systems, Epoxy Floors - Listing #: 57985
| Listing No: BBF-966-57985 | |
| Category | : | Construction | SIC | : | 1521 | |
| Detail | : | Contractor Closets | Price | : | 395,000 | |
| County | : | Lee | Down | : | 40,000 | |
| State/Prov | : | Florida | Disc Earn | : | 167,775 | |
| Country | : | USA | Sales | : | 436,864 |
|
This business design and install custom closets and garage storage systems. Locally owned and operated, they have a decade of experience in installing everything from garage cabinets to closet organizers. They also provide quick and seamless installation of stylish and wear-resistant epoxy floors to give you a beautiful and functional garage floor. |
| Reason for Sale | : | Retirement |
| General Location | : | Bonita Springs |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| : | Years Established: 10 Years Owned: 10 Emp FT: 2 Emp PT: 0 Mgrs: 1 | |
| Non Compete | : | Miles: 5 Years: 30 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | Monday-Friday 8:00am - 5:00pm |
| Skills/Licenses | : | None |
| Business | : | Is Relocatable: Y Is Home Based: Y Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: N |
| Data Source | P/L Statement | Tax Return | Tax Return | |
| Year (Cash Flow) | 2025 (N) | 2024 (N) | 2023 (N) | |
| Gross Revenue | 436,864 | 560,686 | 519,035 | |
| Cost of Goods | 140,940 | 205,935 | 226,562 | |
| Gross Profit | 295,924 | 354,751 | 292,473 | |
| Expenses | 173,197 | 180,424 | 166,352 | |
| Net | 122,727 | 174,327 | 126,121 | |
| Owner Salary | 30,000 | 30,000 | 30,000 | |
| Benefits | 8,052 | 156 | 816 | |
| Interest Expense | 0 | 1,244 | 1,492 | |
| Depreciation | 0 | 394 | 5,416 | |
| Other | 6,996 | 0 | 0 | |
| Discretionary Earnings | 167,775 | 206,121 | 163,845 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 10,000 | Y* | ___________ | 0 | N* |
| F F & E | 65,000 | Y* | Total Assets | 75,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 1376 | Square Footage: 1000 | Building Type: storage unit |
| Terms & Options: Month to Month Rental |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 395,000 | Down Payment | 40,000 | |
| Working Capital | 10,000 | Loan/Assumable | 0 | |
| Loan Fees | 4,000 | Loan/Seller | 0 | |
| Closing Costs | 5,000 | Loan/Other | 374,000 | |
| Total | 414,000 | Total | 414,000 |
| Loan SBA 7(a) | - Amt: | 374,000 Mos: | 120 Rate: | 9.50 Mo Pmt: | 4,839.47 |