37601-Coastal Flooring Company - Great Value in Potential

FL

Seller Financing Available
37601-Coastal Flooring Company - Great Value in Potential
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Asking Price: $549,000

Cash Flow: $86,000

Gross Revenue: $976,775

EBITDA: $76,419

FF&E: $35,000

Inventory: $20,000

Established: 1978

37601-Coastal Flooring Company - Great Value in Potential

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Business Description

Servicing the vastly popular Space Coast and surrounding areas within Brevard County, found at an hour’s drive from the greater Orlando region in Florida. Excellently-reputed specialty trade contractor and retail operation specializes in floor coverings, kitchen/bath remodeling and sale of over ten exclusive quality brand name stones, carpets, porcelain or ceramic tiles, resilient sheet vinyl, laminates, and exotic hardwoods for residential applications. The 3,800-square foot facility features a showroom, storefront, three offices and warehouse for the storage of tools and equipment valued at $35,000 as well as inventory of $20,000; property is in excellent condition, available for lease only and capable of handling additional capacity. Backed by a proven track record supported by over 40 years of ongoing business and long-term relationships with its loyal community of referrals from condos in the city, seller believes their one-year warrantied workmanship represent surmounting growth opportunities for a strategic buyer. Using the convenience of seller’s smooth transition under current managerial role, an expansion of its commercial and aerospace market, developer relationships, working hours, online marketing and other outreach facilitators can promise positive returns on investment. Total income for 2018 was of $976,775 with Seller’s Discretionary Earnings of $86,000. Company’s projected $980,000 in gross revenue for 2019 and $123,260 in SDE’s, along with an established repeat customer base, show amazing possibilities for company to largely capitalize the industry in the following years.

Detailed Information

Inventory:
Included in asking price
Employees:
2 nonunion
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
Up to 12 months
Reason for Selling:
Approaching retirement
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IAG Buyer Division

Business Listed By:
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IAG

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