37557-Commercial Flooring Products & Installations

TX

Seller Financing Available
37557-Commercial Flooring Products & Installations
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Asking Price: $1,500,000

Cash Flow: $525,000

Gross Revenue: $2,900,000

EBITDA: N/A

FF&E: $80,000

Inventory: N/A

Established: 1994

37557-Commercial Flooring Products & Installations

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Business Description

Operating from headquarters in Southeast Texas they provide flooring products and installations for commercial applications. They offer a wide range of flooring products including carpeting, ceramic/porcelain, LVT/LVP, natural stone floors, specialty floors, vinyl/resilient, and wood flooring products and installations for commercial applications. The company operates from a 5,300-square foot facility, which it leases from a third party, that includes a storefront, warehouse and office space. The company has a proven track record supported by 25 years of ongoing business. Revenues increased dramatically in 2018 in large part due to the completion of several large contracts secured prior to 2018. Margins were negatively impacted last year due to increased labor expense and scheduling complexities arising from the aftermath of Hurricane Harvey, and certain charitable work performed within its community. Management believes that a significant amount of commercial flooring installation work will continue to be available in Southeast Texas, and it expects profit margins to increase. Last year, the total revenue was $2.9 million with Seller’s Discretionary Earnings of $525,000 rounded. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones. $1,000,000 of Working capital is available for negotiation.

Detailed Information

Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
The owners are open to a standard transition or an extended role in the company!
Reason for Selling:
Health reasons
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(from currently available funds)
 
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IAG Buyer Division

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IAG

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