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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   New York Businesses For Sale Categories   >>   

Cash Flow Strong Flooring Company

Location  New York,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1750000
Net Profit / Cash Flow  $370000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1996
Number of Employees  6 - 9
Inventory  23000
Relocatable  Yes
Number of Employees  6 - 9
Real Estate  Leased
Training  A comfortable three month transition period will be provided by an owner who truly wants to relocate and who wants to see his business continuing to flourish. A very well trained and highly qualified team will stay in place and support the new owner in al
Reason for Sale  Relocation / retirement.
Description  This Flooring Installation Company (carpet, hard wood, tile, stone, granite, vinyl, laminate, etc.) is located in a large affluent suburban territory stretching from Newburgh, NY to New Haven, CT. It has been profitable every year since its founding 17 years ago. The company is projected to have a strong 20% increase in sales for 2012, after economy related decreases in sales in 2010 and 2011. The seller's facility's lease expires in 2016 and a facility relocation is possible. The company enjoys a competitive advantage through its exclusive relationship with 27 home improvement centers (Home Depot, Lowes, and Lumber Liquidator). The revenue is secured, project margins are guaranteed by contract, and inventory is never purchased in advance. It captures additional business from Luxury General Contractors (GCs - Trump for example) throughout the territory. The company controls its costs by employing only 2 full-time installation crews and a small office staff for a total of 7 employees. It uses readily available subcontractors for the rest of the labor. The company has been fully reviewed and conservatively appraised by a well-known national valuation firm at 2.2 x normalized EBITDA (ttm). A complete report is included in the prospectus. There is no debt or accounts receivable to be assumed. The business is pre-qualified by an SBA lender subject to buyer's financials, and by implementing the proposed deal structure an owner operator will obtain $240,000 in after-debt cash flow, a 160+% first year return on the down payment. A comfortable three month transition period will be provided by an owner who truly wants to relocate and who wants to see his business continuing 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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