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This well-known Commercial Contract Flooring Company has provided expert sales and installation of commercial/industrial/retail floor coverings to a national client base for over 20 years. This well-established company has experienced consistent revenue performance and enjoys significant operating margins with documented profitability.
The company has been fully reviewed and conservatively appraised by a well-known national valuation firm at 3.7x SDCF. A full valuation report is included in the prospectus. There is $4.5 million in Net Working Capital and another $500k in Fixed Assets included in the deal. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain more than $790,000 benefit in after-acquisition-debt cash flow in Year #1 – over 69% return on equity investment.
(ALL DATA BASED ON SIGNED TAX RETURNS)
The seller has modern facilities in the Northeast totaling 67,000 SF which provides a strong base of operations for all aspects of the business and plenty of room for growth.
The Company has significant growth potential in the target market – aggressive marketing efforts and a broader reach could grow top line to over $75M by 2021.
The Company enjoys a strong competitive advantage and high brand awareness gained through years of high-quality products, reliable service, responsiveness to customer specs – all on time and under budget. The Company has long-standing industry associations and strong buying power – with a current 18-month backlog of over $32,000,000. As a result, it gains many highly coveted projects through negotiated bids and direct proposals – often at higher than industry average margins.
A comfortable 6-month transition period will be provided by the owner who truly wants to continue to see the business flourish. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
$1.1m Seller financing plus $3.4m Bank financing subject to buyer qualification
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