Ormond Beach Flooring Business w/Optional Land & Buildings

Volusia County, FL

OVERHEAD
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Asking Price: $1,400,000

Cash Flow: $450,000

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: $150,000

Inventory: $125,000

Rent: $11,500 /Month

Established: 1969

Ormond Beach Flooring Business w/Optional Land & Buildings

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Business Description

FLOORING - Title, Carpet & Wood

BUSINESS SALE ONLY. Real Estate purchase (Value $1.8M)is optional. 50-years of solid growth has been built on loyal high-end customer base including the area's top developers and property owners.Homes, condos, yachts are all part of this extraordinary customer base. Company is being offered for acquisition or partnering with another flooring industry business leading to acquisition. Principle offers must be accompanied financial capability. All business financial disclosure requires signed NDA.

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Detailed Information

Location:
Volusia County, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
12,600
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Unrivaled showroom of the latest products draws the areas top interior decorators who can show their customers everything possible allowing them place orders directly through our established dealerships and relationships.
Competition:
We are the area's premiere go to business for all top interior design flooring, tiles and carpeting.
Growth & Expansion:
Our growth is only limited by our willingness to promote and advertise. Our entire multi-million business has been built on word-of-mouth without any advertising expense. Our growth in 2017 over 2016 was 20%+ without any promotion or advertising. The same for 2017. 2018 sales $2.1M with EBITDA $425K. So far in 2019 the annualized sales will have grown 10%. This business can grow to $10M annual sales in the current market but this will require new ownership to make it happen.
Financing:
Receivables are included. Financials available with NDA.
Support & Training:
60 days
Reason for Selling:
Desire to see business go to the next levels of expansion and growth.
Business Website:
http://rodscarpetshop.com
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Business Listed By:
Robert Brewster

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