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Cash Flow Strong Commercial Flooring Company For Sale

Northeast United States, United States
Asking Price:
$5,713,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$38,000,000 (USD)
Cash Flow:
$1,780,000 (USD)

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)

Property information

Real Estate:

Lease

Location:

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.

Business Operation

Expansion Potential:

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.

Competition / Market:

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.

Reasons for selling:

Retirement

Employees:
40+
Years established:
20+

Other Information

Support & training:

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.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$1.1m Seller financing plus $3.4m Bank financing subject to buyer qualification

Furniture / Fixtures value:
$500,000 (USD) - included in the asking price
Inventory / Stock value:
$4,500,000 (USD) - included in the asking price

Contact Information

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