Summary: 
Serving Repeat Clientele Since 1994
Business Type: 
other service
Business Type: 
service
Location: 
Nebraska
Price: 
$420,000
Sales Revenue: 
$1,933,180
Cash Flow: 
$310,541
Realestate Included: 
No
Inventory: 
$23,700
Employees: 
11
Internal Listing:: 
CON017
Reason for Sale: 
Retirement and health

Since 1994, serving repeat clientele and a strong developed customer base made up of interior designers, general contractors, architects, word of mouth, and repeat clients. Selling and installing carpet, tile, stone, hardwood, laminate, vinyl, installation supplies, lighting, countertops and home accessories in name brands like Shaw, Mohawk, Mannington, Congoleum, Florida Tile, and Interceramic. The business has a 6,000 square foot showroom which also encompasses two “virtual showroom” stations for a “visual” experience customized to individual customer choices, plus an off-site warehouse to store the equipment and vehicles. An on-staff designer/decorator is in place to assist in customizing any project and whose responsibilities include sales, design, estimating and showroom displays. Current owners are willing to provide transition assistance for as long as needed.

In the first year, after all expenses and debts are paid, a Buyer with a$39,600 down payment can expect a return on investment of $127,449, or 321%.

Financial Details
Price: $420,000

Sales: $1,933,180

Cash Flow: $310,541

Furniture, Fixtures, and Equipment: $$90,054 (bronco stripper, forklifts, Bulldog machine, pallets jacks, wet saws, box van, trailer)

Inventory: $$23,700

Other Information

Reason for Selling: Retirement and health

Personnel: 1 part time interior designer, 1 installer and 9 subcontractors

Hours: Mon - Fri 9:00 to 7:00 Sat 9:00 to 5:00

History: In business for 21 years

Support to Buyer: 90 Days or as long as needed

Additional Information:
Financial Overview
List Price: $396,000

Gross Sales
2015: $1,933,180
48% Installation
52% Retail & Wholesale
2014: $721,234
46% Installation
54% Retail & Wholesale
80% Tile

Owner Profit/Cash Flow
2015: $310,541
2014: $117,782
Profit Margin: 16%
Multiple: 3.25

Valuation: Cash Flow x Multiple = Price
$190,380 (3 year ave.) x 3.25 = $618,735

Discount of $222,735 from Fair Market Value due to Seller’s desire to retire Secured POs: $300,000

Business Information
Year Established : 21 years
Location: Grand Island/Kearney area
Service Area: Serving clients in a 100 mile radius
Physical Location: 6,000 square foot showroom plus offsite warehouse

Clients: Residential homeowners, commercial building managers, contractors, hospitals and assisted living facilities
Leads from: Interior designers, general contractors, architects, word of mouth and repeat clientele
Reason for Selling: Retirement and health
Products Offered: carpet, tile, stone, hardwood, laminate, vinyl, installation supplies, lighting, countertops and home accessories

Employees: 1 part time interior designer, 1 installer and 9 subcontractors
Hours: M-F 9-7, Sat 9-5
Seller Training Period: 90 days, or as long as needed

Growth Opportunities: Include ancillary services
Current Owner’s Responsibilities: AP/AR, Estimate Sheets, Purchase Orders, Sales/Design

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