(Price Reduced) - Floor Coverings Retailer and Interior Design
Business Summary
This company is in the business of providing flooring and other surface products and interior design services. They have been established for 13 years and have a solid network of suppliers and sub-contractors. There is one part time employee that does warehousing and receiving duties and 4 full time employees that manage the day-to-day operations of the business. The sellers/owners of the business are passive.
Financials
Asking Price:
Gross Revenue: $1,139,163
Inventory: $14,018 (Included in Asking Price)
FF&E: $58,919 (Included in Asking Price)
Seller Financing: Seller is willing to provide $40,000 of financing
About the Business
Year Established: 1994
Employees: 4 full time - 1 part time
Facilities: The building was constructed in the last 5 years. The original lease was for 3 years and expires September 30, 2009. The landlord would be willing to enter into another long-term lease.
Market Outlook and Competition: The market has slowed down from its high in 2006. This company is positioned very well to be a major competitor when the construction market rebounds and the demand increases. The asking price does not reflect any attempt to value the company as an on-going enterprise even though an argument could be made to place some value on its operational history. The price reflects a valuation of fixed assets, an attractive showroom and lease, and a working system of controls and procedures as well as a positive reputation in the marketplace with both customers and sub-contractors.
About the Sale
Management Training and Support: The seller will agree to provide 160 hours of training over a 3-month period of time. The Sellers would be willing to provide more training and consultation if buyer is willing to compensate the Sellers for the additional time
Reason For Selling: In addition to this company, the sellers own a construction company and a manufacturing company. Their strategic direction is to focus more time and resources on the other two companies. Therefore, they are willing to sale this company to accomplish their goals.
Request Information