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Essential Business with Incredible Management and Cashflow


Category :  Flooring SIC :  5713  
Detail :  Flooring Products Price :  7,100,000  
County :  Martin Down :  7,100,000  
State/Prov :  Florida Adj Net :  794,698  
Country :  USA Sales :  7,205,991  

Great opportunity to own a growing business with incredible management, organization, and cashflow. The business provides anything you would need for a home improvement project. Stellar reputation, knowledgeable staff, and an inviting environment set this business apart from its competition. Market share is growing and substantial. Act fast!

Reason for Sale :  RETIREMENT
General Location :  South Florida
Organization Type :  Corp 'Sub S'     Hours Owner Works: 25
  :  Years Established : 35  Years Owned:  25  Emp FT:  10  Emp PT:  1  Mgrs:  2
Non Compete :  Miles:  100  Years:  3  Weeks Training:  4  Cost:  0.00
Operating dys/hrs :  M-F 9-6pm Sat 9-5pm Sun 10-5pm
Skills/Licenses :  Business experience
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    May Qualify For Visa: Y
Data Source Tax Return      
Year (Cash Flow) 2018 (N) (N) (N)    
Gross Revenue 7,205,991 0 0  
Cost of Goods 4,650,767 0 0  
Gross Profit 2,555,224 0 0  
Expenses 1,909,892 0 0  
Net 645,332 0 0  
Owner Salary 43,184 0 0  
Benefits 84,398 0 0  
Interest Expense 0 0 0  
Depreciation 21,784 0 0  
Other 0 0 0  
Owner Benefit 794,698 0 0  

Accounts Rec 0 N* Real Estate 4,550,000 Y*
Inventory 350,000 Y* ___________ 0 N*
F F & E 250,000 Y* Total Assets 5,150,000 Y*
Leasehold 0 N*   *Included?  

Lease/Month: Square Footage: Building Type:
Terms & Options:   Expiration Date:

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 :   (866) 985-8735  
3510 KRAFT ROAD Cell :   (913) 226-7735  
NAPLES, FLORIDA 34109 Email :   [email protected]  
USA Home Page :   www.sunbeltnetwork.com/naples-fl

 



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Background information

Reference:

NAPFL001-N59

Year established:

1984

Reason selling:

Retirement

Finance

Sales:

$7,205,991

Profits:

$794,698

Profit type:

Discretionary Earnings

Operations

Employees:

14

Equipment:

FF&E list upon request and approval from the seller

Inventory:

Approximately $350,000.00 of inventory with the sale.

Premises

Facility:

Two buildings

Square footage:

25000

Rent and lease terms:

N/A

Location:

Florida

Opportunities

Growth:

Steady growth with potential to extent market share

Market:

Growing market with increasing population and income.

Price and terms

Price:

$7,100,000

Down payment:

$1,400,000

Financing:

Financing available with SBA approved loan

Training:

Up to 4 weeks