Established Flooring Company #000298

Denton County, TX

Established Flooring Company #000298

Asking Price:$359,000

Cash Flow:$223,886

Gross Revenue:$937,167

EBITDA:N/A

FF&E:$60,000

Inventory:N/A

Established:2010

Established Flooring Company #000298

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Business Description

Flooring business in North Dallas with well-built customer base is now available for acquisition. Established since 2011 and acquired by the current owner in 2012. As an independent flooring company, the company has great market influence in the local area. While the business is located in a high income area, the customers range from low to upper class as this business provides cheaper alternatives to different flooring services. In 2013, sales were $1,100,000/year during the rise of popularity of people buying housing. Due to the decline of people buying houses after 2013, sales of 2014-2015 dropped to $750,000/year with a steady increase each year after. Current owner has significantly increased the amount of proactive marketing after 2014 and the 2016 sales are projected to be around $1,100,000/year. Now there's a large established customer base and can be further increased through marketing towards the commercial industry. This business has huge opportunity to raise sales through sales of kitchen cabinets which has great margins and is a 12 billion industry. Products provided at this flooring company are carpet, hardwood, laminate, tile, stone, counter tops, cabinets, bath, and shower room services. This business is in one of the largest industry in the US and with rising prices of real estate, this company will consistently grow in the future.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Employees:
7FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 4,000 SF facility has a huge display room with an all up-to-date inventory list of flooring materials. Its located in a high income area with all inventory made to order from the vendor after purchase.
Competition:
As an independent flooring company, this company holds a great deal of market shares in this market.
Growth & Expansion:
Since 2011 when the current owner acquired the business, a significant amount of money was put into marketing this business until the end of 2015. Many repeat customers has now been established after extensive marketing and anchored by a well-known grocery chain in the US. Proactive marketing toward the commercial side could provide a large increase in the sales.
Financing:
100% down at the time of closing or 50% cash down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide training during a 4 week period for a smooth transition into the operation.
Reason for Selling:
Other Opportunities.

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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