Status: Sold
Water Conditioning Business with 100% Growth for two years running - Listing #: NAPFL001-N124

***UNDER CONTRACT***

Reason for Sale :  Other Business Interests
General Location :  S.W. Florida
Organization Type :  'LLC'     Hours Owner Works: 40
  : Years Established: 5  Years Owned:  3  Emp FT:  7  Emp PT:  0  Mgrs:  1
Non Compete :  Miles:  100  Years:  5  Weeks Training:  4  Cost:   $0
Operating dys/hrs :  Monday-Friday 7:00 - 4:00
Skills/Licenses :  State Plumbing License
Business :  Is Relocatable: Y    Is Home Based: Y    Is a Franchise: N    Is Lender P/Q: Y    Should Qualify For Visa: Y
Data Source Annualized P/L Statement    
Year (Cash Flow) 2022 (N) 2021 (N) (N)  
Gross Revenue 3,339,893 2,378,465 0  
Cost of Goods 610,031 422,563 0  
Gross Profit 2,729,862 1,955,902 0  
Expenses 2,621,607 1,767,623 0  
Net 108,255 188,279 0  
Owner Salary 2,710,450 1,231,733 0  
Benefits 0 0 0  
Interest Expense 0 0 0  
Depreciation 0 0 0  
Other -196,667 -130,000 0  
Discretionary Earnings 2,622,038 1,290,012 0  
Accounts Rec 0 N* Real Estate 0 N*
Inventory 125,000 Y* ___________ 0 N*
F F & E 130,000 Y* Total Assets 255,000 Y*
Leasehold 0 N*
*Included?  
Lease/Month: 2500 Square Footage: 1500 Building Type: Free Standing
Terms & Options: New long-term lease avail Expiration Date: 4/23/2027
Lender Pre-Qualified Project Summary

 

Acquisition Costs Down Payment and Financing

 

Purchase Price 6,000,000   Down Payment 600,000
Working Capital 50,000   Loan/Assumable 0
Loan Fees 220,000   Loan/Seller 0
Closing Costs 5,000   Loan/Other 5,675,000
Total 6,275,000   Total 6,275,000

 

 

 

 

             
SBA Loan - Amt:  5,675,000  Mos: 120  Rate: 6.00  Mo Pmt: 63,004.13  
JOSEPH ALTER Office :  (239) 849-9334  
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 :  jalter@sunbeltnetwork.com  
USA Home Page :  sunbeltofflorida.com