Tile Installation With $750,000 In Backlog

Houston, TX (Harris County)

Seller Financing Available
Tile Installation With $750,000 In Backlog
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Asking Price: $770,000

Cash Flow: $250,638

Gross Revenue: $585,957

EBITDA: N/A

FF&E: $550,000

Inventory: N/A

Established: 1950

Tile Installation With $750,000 In Backlog

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Business Description

Owner outsources all labor and will stay on as an estimator 1-2 years! Exclusive to commercial projects, this Texas based business provides turnkey tile projects and has work in progress totaling over $750,000. Clients include general contractors and construction managers. All field work is contracted out. 80% of projects are completed in the Houston area, 19% through greater Texas, and 1% completed in other states. The owner is retirement planning and has moved out of state, providing all bidding from home. His numbers have decreased purposefully but could easily be brought up with more bidding.

With a gross mark-up of 47%, 2018 brought in over $3MM in sales. Demographics consist of 30% retail, 30% educational, 20% entertainment/restaurant, 10% grocery stores, and 10% service stations. Providing a first-class experience based on quality, service and integrity, the average sales size is $59,000. All bids are done via email with no site visit.

The current owner is willing to stay on as the company’s estimator for 1-2 years. With a proactive approach, this business has a positive reputation based on on-time and high-quality projects.

Growth opportunities include tapping into the residential market, as well as venturing into soft surfaces including carpet, rubber-based materials, etc. that could be provided to clients on the same projects.

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Detailed Information

Location:
Houston, TX
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Home office
Competition:
Service Area: 80% Houston area, 19% Greater Texas, 1% other states Clients: General Contractors and Construction Mangers Demographics: 30% retail, 30% educational, 20% entertainment/restaurant, 10% grocery stores, and 10% service stations Services: Turn-key commercial tile projects
Growth & Expansion:
A new owner could tap into the residential market as well as venture into soft surfaces including carpet, rubber based materials, etc.
Financing:
15% Seller Financing
Support & Training:
Willing to stay on as an estimator for 1-2 years
Reason for Selling:
Retirement
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Cortney Sells

Business Listed By:
Cortney Sells

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