Status: Sold
Fast Growing Tile Company in Sarasota Florida - Listing #: NAPFL001-N80
| Listing No: BBF-966-09180 | |
| Public Pictures: |
| Category | : | Flooring | SIC | : | 5713 | |
| Detail | : | Flooring/Tile | Price | : | 1,100,000 | |
| County | : | Sarasota | Down | : | 110,000 | |
| State/Prov | : | Florida | Adj Net | : | 374,169 | |
| Country | : | USA | Sales | : | 2,195,683 |
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B2B with Contracts Included! This incredible tile company serves the local builder and contractor community of luxury homes in Southwest Florida. Although they do cater to some end consumers, most of the revenue comes from steady contracts held with installation businesses. These businesses are constantly building and remodeling high end homes, even during a pandemic. Because of this the business has seen steady and fantastic growth every year since it was founded in 2015, with 2020 being no exception. The owner and his wife work the business themselves, but everything is run like a well-oiled machine. With a simple flip of a switch, the business can easily become a fully turn-key operation. The employees are well trained, with decades of experience. This company is located in an ideal spot on a major highway with lots of traffic and visibility. The owner has never spent a dime on marketing, relying solely on word of mouth. This is the kind of natural growth and profitability that only comes around once in a lifetime. |
| Reason for Sale | : | Retirement |
| General Location | : | Sarasota |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| : | Years Established: 6 Years Owned: 6 Emp FT: 9 Emp PT: 2 Mgrs: 2 | |
| Non Compete | : | Miles: 100 Years: 3 Weeks Training: 6 Cost: $0 |
| Operating dys/hrs | : | M-F 8-5, S 10-4, S Closed |
| Skills/Licenses | : | None |
| 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) | 2020 (N) | 2019 (N) | 2018 (N) | |
| Gross Revenue | 2,195,683 | 1,676,501 | 1,520,987 | |
| Cost of Goods | 1,626,747 | 1,222,751 | 1,197,442 | |
| Gross Profit | 568,936 | 453,750 | 323,545 | |
| Expenses | 477,878 | 448,174 | 335,992 | |
| Net | 91,058 | 5,576 | -12,447 | |
| Owner Salary | 98,003 | 98,003 | 98,003 | |
| Benefits | 0 | 0 | 0 | |
| Interest Expense | 2,268 | 11,087 | 3,826 | |
| Depreciation | 56,554 | 56,554 | 22,496 | |
| Other | 126,286 | 126,786 | 82,583 | |
| Owner Benefit | 374,169 | 298,006 | 194,461 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 35,000 | Y* | ___________ | 0 | N* |
| F F & E | 69,000 | Y* | Total Assets | 104,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 5200 | Square Footage: 6200 | Building Type: Strip Center |
| Terms & Options: New Lease Available | Expiration Date: 1/31/2025 |
| Lender Pre-Qualified Project Summary |
| Aquisition Costs | Down Payment and Financing |
| Purchase Price | 1,100,000 | Down Payment | 110,000 | |
| Working Capital | 75,000 | Loan/Assumable | 0 | |
| Loan Fees | 5,000 | Loan/Seller | 110,000 | |
| Closing Costs | 5,000 | Loan/Other | 965,000 | |
| Total | 1,185,000 | Total | 1,185,000 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 110,000 Mos: | 36 Rate: | 5.75 Mo Pmt: | 3,333.97 | |
| Loan/Other | - Amt: | 965,000 Mos: | 120 Rate: | 5.75 Mo Pmt: | 10,592.73 |
| JOHN KADOW | Office | : | (239) 849-9334 | |
| ASSOCIATE | Fax | : | ||
| Home | : | (724) 799-4583 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (724) 799-4583 |
| 999 VANDERBILT BEACH RD. STE 200 | ||||
| NAPLES, FLORIDA 34108 | : | jkadow@sunbeltnetwork.com | ||
| USA | Home Page | : | https://sunbeltofflorida.com/ |