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Cash Flow Strong & 40% Growth Flooring Company
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1775000
Net Profit / Cash Flow $410000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2000
Number of Employees 6 - 9
Inventory 160000
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training A comfortable six months transition period will be provided by the owner who truly wants to see the business continue to flourish. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
Reason for Sale More time with family.
Description This ''recession proof'' retailer has consistently grown its bottom line cash flow throughout the period 2009 to 2012 - while many competitors went out of business during the same period. The company provides in-store sales and installation of carpeting, hardwood flooring, custom handrails and woodwork - with revenues exceeding $1,750,000 in 2012. The seller's beautiful very high-end storefront facility is located in Somerset County NJ with a negotiable lease (seller owns real estate that is also available for sale).
The company enjoys a competitive advantage by having access to high net worth clients in the surrounding affluent communities providing superior quality products and on-time installations, with a twelve year history of stability and dependable execution. In addition, the immaculate showroom provides an unmatched selection of products and creates a comfortable and inviting environment to foster exciting sales growth in the years to come - with little competition in the area.
The company has been fully reviewed and conservatively appraised by a well-known national valuation firm at 3.6x EBITDA (ttm). A complete report is included in the prospectus. There is no debt to be assumed and the deal includes $50k in current A/R. The business is pre-qualified by an SBA lender, the seller will extend $120,000 financing subject to a buyer's financials, and by implementing the proposed deal structure with only $300k cash down, a buyer will obtain $250,000 in after-debt cash flow each year, or a 80% owner operator return.
A comfortable six months transition period will be provided by the owner who truly wants to see the business continue to flourish. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
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