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Fast Growing Tile Company in Sarasota Florida


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  

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 Email :  [email protected]  
USA Home Page :  https://sunbeltofflorida.com/  

 



Tile_logo

Background information

Reference:

NAPFL001-N80

Finance

Sales:

$2,022,772

Profits:

$321,434

Profit type:

Discretionary Earnings

Premises

Facility:

Located in strip center. 4,000 sf showroom + 2,200 sf warehouse

Square footage:

6200

Rent and lease terms:

5,200/mo 5 years remaining

Location:

Sarasota, FL

Price and terms

Price:

$1,100,000

Down payment:

$110,000