Commercial Tile Contractor in Texas

Houston, TX
Harris County


Asking Price: Annual Revenue:
$726,000 $715,741

Services: Construction, Contractors


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RE: Commercial Tile Contractor in Texas Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $726,000 10% Buyer Down Payment $72,600 10% Seller Financing or Equity $72,600 80% Bank Loan $580,800 A 10% down payment of $72,600 returns $120,083 in the first year after debt payments!

Quick Facts

Asking Price: $726,000
Annual Revenue: $715,741
Net Profit: Not Disclosed
Cash Flow: $213,702
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1950
Employees: 1
BBN Listing #: 304534398
Broker Reference #: CBI027

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Business Overview:

All labor is outsourced for this commercial tile installation company, keeping fixed cost on labor and overhead incredibly low! Clients include General Contractors and Construction Managers, and currently the work is primarily for service stations throughout Texas. There is one part-time W2 employee (the owner’s spouse), who works approximately 10 hours/week from a home office doing estimates, purchasing, coordinating deliveries, scheduling installations with the labor force, and bookkeeping; all labor is subcontracted out. Sales could easily climb into the $2M-$3M range by actively submitting more bids, expanding the product line to include other types of flooring, pursuing work in schools, grocery stores, retail stores, and entertainment/restaurants, and by tapping into the residential market. Service station tile contracts generally run anywhere from $20,000 - $120,000. The company currently has 10 projects on the books worth approximately $238,000; the average project takes 7 days to complete.

This business is not consumer-based, so there was no COVID impact on sales – clients did not put a moratorium on construction projects. The company does advertise in the Blue Book, which gives them requests for bids via email – they currently have nearly 20 open bids, along with the 8 projects in progress.

Priced at $726,000, a 10% down payment of $72,600 returns $120,083 in the first year after debt payments – a 165% return on investment! With long-standing relationships already in place with General Contractors in the area, a new owner could take this business to the next level. The current owner bought the business in 2015, when sales were $250,000 and grew revenue to $3.5M by 2018, with at least 5 bids per day and a much larger client base, proving that this business is capable of tremendous growth. They intentionally downsized the business in early 2019 (semi-retirement) and chose to keep sales in the $600,000 - $700,000 range. The company has seen sales in $3M range in the past and could easily reach those heights again under new ownership.

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Market Competition and Expansion:

Growth Opportunities: Bid more work, expand the product line, implement marketing strategy, create an internet presence, tap into residential market, pursue retail, schools, grocery stores, etc.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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