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Floor Coverings Design, Sales & Installation
Location New Hampshire,United States
Asking Price Range $500K - $1.0M
Gross Revenues $989143
Net Profit / Cash Flow $203696
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1973
Number of Employees 4 - 5
Inventory 60000
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Owned
Training Sellers will provide adequate on-site transitional services immediately following the transfer.
Reason for Sale Retirement.
Description $707,000 includes business and real estate. This flooring business offers a buyer the opportunity to own a proven, well established business that offers for sale floor covering products and related services. Despite the slowdown in the economy, this business is still providing over $200K of benefits to the current owners. As the real estate market improves, a new owner will see a return to even greater earnings. This is a well-operated business with an experienced staff. It is located in a very desirable area that serves as a regional shopping area supported by a broad base of permanent homeowners along with a high
percentage of second homes, vacation condos, and tourist accommodations which provide a steady demand for flooring products and services.
This is a successful company with many positive attributes:
- Business established for over 40 years
- Current owners are retiring and they desire a smooth transition
- Stable and experienced staff that can run the business without continual oversight.
- Although the owners perform specific duties in the business, they are primarily focused on general business oversight and could be replaced with one full time working owner.
- Modest inventory and strong buyer network for Just-in-Time inventory process
- Services a mix of commercial, contract & residential clients
- Normal competitive environment
- Largest independent provider in the area
- $1M in annual sales, stable and growing (peak sales in 2007 of $1.7M and should return to this level with improvements in the real estate market)
- $203K in total cash flow (2011) available for owner's compensation and debt service
- Several logical growth and expansion strategies
- Business could benefit from some fresh sales, marketing & product line expansion
- Existing contractor relationships and repeat clientele
Click Here To Contact Seller
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