Floor Specialties Established 40 yrs

Not Disclosed, FL
Indian River County


Asking Price: Annual Revenue:
$2,799,000 $1,335,982

Services: Construction, Contractors


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RE: Floor Specialties Established 40 yrs Broker: Erin Crawford

Quick Facts

Asking Price: $2,799,000
Annual Revenue: $1,335,982
Net Profit: Not Disclosed
Cash Flow: $787,023
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1979
Employees: 8
BBN Listing #: 8714630
Broker Reference #: 6401808209

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Business Overview:

Well established floor specialties service business. Strong repeat and referral customer base (over 90%). Very easy to run and manage. Owner is divesting to focus on other unrelated business. Service area could be expanded as they turn down work. Almost no commercial jobs.They focus on high end residential. Strong financial history, good books and records. Little to no overhead. Financials show as a fully absentee business, replacing the owner's son who is running the business as the manager/lead estimator. 2019 already projected to supersede 2018 by 10+% Please refer to listing number 6401-808209 and advisor Erin Bean when inquiring.

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Property Features and Assets:

Lease/Month: 750 Square Footage: 700 Building Type: Lt Industrial Terms & Options: New Lease Expiration Date: 11/30/2019 SBA loan Available: $2,082,000 for 120 months at 7.75%= $24,986.21 monthly payment

Reason for Selling:

Divestiture

Additional Details:

  • The property is leased.
  • 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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