Home Carpeting, Tile and Remodeling

Houston, TX (Harris County)

Seller Financing Available
Home Remodeling Company
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Asking Price: $1,800,000

Cash Flow: $493,330

Gross Revenue: $1,811,671

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $1,050,000

Established: 1984

Home Carpeting, Tile and Remodeling

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Business Description

Carpet, Tile and Remodeling Company, Estblished 1984, Real Estate available.

Very profitable remodeling and flooring company including the real estate for sale. The company was founded in 1984 and had been doing business as a Sole Proprietor until October 1, 2017 when they reorganized as a “S” Corporation. They began operation in the location they currently occupy in 2002. They are a full-service home remodeling company. They act as general contractors for projects large and small. As they like to say, they “handle everything from the floor to the roof”.

The company employees and owners handle all business aspects including; bookkeeping, job proposals and product sales. The actual remodeling tasks are handled by their network of over 25-30 independent contractors.

They have a full-service showroom on a location with excellent visibility and access from FM 1960. The showroom is used for clients who wish to come to the showroom to choose from hundreds of options for flooring, tile, cabinets, colors, decorating assistance, etc.

The site also contains a Billboard visible for several city blocks to traffic traveling both directions on FM 1960. The real estate asset is included as a part of the sale and it is not being used as collateral for any further loans of the business. There is a first mortgage that will be paid off with the proceeds of the sale.

The steel structure consists of a retail showroom, business offices, break room, restroom and materials storage building. The building was built in 1980 on a 29,885 s.f. lot (approximately .7 acres). The parking lot is concrete. A copy of the Harris County tax appraisal and survey of the land are available during due diligence.

After 35 years operating the business the owner has decided it’s time for a rest and wants to take some extended time off. Included in the sales price the seller will provide 8 weeks of training at 40 hours per week.

Detailed Information

Location:
Houston, TX
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
5,000
Employees:
3
Facilities:
The steel structure consists of a retail showroom, business offices, break room, restroom and materials storage building. The building was built in 1980 on a 29,885 square foot lot (approximately .7 acres). The parking lot is concrete. A copy of the Harris County tax appraisal and survey of the land are available during due diligence.
Competition:
This is a competitive market and the owners have built a solid reputation through their reputation and integrity. They are also one of the few businesses of this type with their own retail store to complement the remodeling portion of the business.
Growth & Expansion:
The Houston market is in a very dynamic growth pattern that is projected to continue for a significant time. The strength of Houston’s economy has and will continue to be a significant driver for the growth of this business.
Financing:
Negotiable
Support & Training:
The Seller will provide eight weeks of training to be included in the asking price.
Reason for Selling:
After 35 years of operation the owner is ready to move on to semi-retirement
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Brad Tait

Business Listed By:
Brad Tait

Tait & Associates Business Brokers

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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