Under Contract
Fast Growing Interior Design Company
Listing No: BBF-966-54404 | |
Category | : | Interior Design/Dec | SIC | : | 7389 | |
Detail | : | Home Interior Design | Price | : | 2,000,000 | |
County | : | Collier | Down | : | 200,000 | |
State/Prov | : | Florida | Disc Earn | : | 1,045,213 | |
Country | : | USA | Sales | : | 6,084,979 |
This residential interior design firm with a beautiful showroom located in the heart of the luxury real estate market in Naples, Florida. This Company has been catering to the Southwest Florida area's high end clients by offering a full suite of professional design services for current or future residential spaces of all types. The Company's award winning team of skilled designers work together with clients from start to finish regarding everything from paint colors to lighting, appliances, cabinets, countertops, flooring and more. The team designs all of the details, including accessories, rugs, window treatments, mirrors, furniture and more. When it comes to furnishings, the Business truly excels, as their designers curate the finest pieces with elegant fabrics and tasteful colors that flow throughout the home. |
Reason for Sale | : | Retirement |
General Location | : | Naples, FL |
Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
: | Years Established: 4 Years Owned: 4 Emp FT: 14 Emp PT: 0 Mgrs: 2 | |
Non Compete | : | Miles: 120 Years: 5 Weeks Training: 4 Cost: $0 |
Operating dys/hrs | : | Monday-Friday 9:00 - 5:00 |
Skills/Licenses | : | Collier County Tax License |
Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
Data Source | P/L Statement | P/L Statement | P/L Statement | |
Year (Cash Flow) | 2023 (N) | 2022 (N) | 2021 (N) | |
Gross Revenue | 6,084,979 | 4,791,100 | 2,387,317 | |
Cost of Goods | 3,726,124 | 2,459,434 | 1,803,899 | |
Gross Profit | 2,358,855 | 2,331,666 | 583,418 | |
Expenses | 1,510,274 | 1,815,636 | 773,620 | |
Net | 848,581 | 516,030 | -190,202 | |
Owner Salary | 160,693 | 160,693 | 161,077 | |
Benefits | 14,684 | 14,319 | 14,513 | |
Interest Expense | 21,255 | 1,799 | 4,372 | |
Depreciation | 0 | 117,309 | 43,645 | |
Other | 0 | 0 | 0 | |
Discretionary Earnings | 1,045,213 | 810,150 | 33,405 |
Accounts Rec | 0 | N* | Real Estate | 0 | N* |
Inventory | 161,219 | Y* | ___________ | 0 | N* |
F F & E | 154,124 | Y* | Total Assets | 315,343 | Y* |
Leasehold | 0 | N* | |||
*Included? |
Lease/Month: 10651 | Square Footage: 4842 | Building Type: Free Standing |
Terms & Options: New long-term lease avail | Expiration Date: Month to Month now |
Lender Pre-Qualified Project Summary |
Acquisition Costs | Down Payment and Financing |
Purchase Price | 2,000,000 | Down Payment | 200,000 | |
Working Capital | 50,000 | Loan/Assumable | 0 | |
Loan Fees | 15,000 | Loan/Seller | 0 | |
Closing Costs | 5,000 | Loan/Other | 2,069,800 | |
Total | 2,070,000 | Total | 2,269,800 |
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: | 2,069,800 Mos: | 120 Rate: | 10.50 Mo Pmt: | 27,928.85 |
JOSEPH ALTER | Office | : | (855) 969-3534 | |
BROKER | Fax | : | ||
Home | : | (239) 849-9334 | ||
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 849-9334 |
2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
NAPLES, FLORIDA 34105 | : | [email protected] | ||
USA | Home Page | : | sunbeltofflorida.com |
Listed By: Joe Alter
Background information
Reference:
54404
Finance
Sales:
$6,084,979
Profits:
$1,045,680
Profit type:
Discretionary Earnings
Price and terms
Price:
$1,800,000