Seller's Contact Information
- RE: Flooring Contractor/Installer-operating Over 33yrs
- Contact: Roberta Caputo
Quick Facts
Asking Price: | $2,799,918 | |
Annual Revenue: | $4,522,923 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $823,355 | |
Total Debt: | Not Disclosed | |
FF&E: | 383,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1988 | |
Employees: | 14 | |
BBN Listing #: | 8044344 | |
Broker Reference #: | 3746 |
Business Overview:
QoE Complete - 3rd Party CPA Firm confirmed $839k in Owners' Adjusted EBITDA from the TTM period (ending 11/14/2022) Flooring Contractor able to handle any size project, specializing in the installation and servicing of Tile, Laminate, Wood and other floor products. The Company historically averages over ($1,000,000) EBITDA. Management in Place Located in booming South Florida region, able to work projects from the Florida Keys to Tampa, Orlando & beyond. Management team in place, with (100-120 ) subcontracted installers working any given day. Over 30 years in business. Clients include major builders and residential / commercial property projects, with most new bid opportunities inbound due to reliable service and quality of work. Amazing COVID COMEBACK with over $9.7 million in upcoming projects already committed, starting in Q4 2022. Dataroom available - this opportunity is poised for a swift transaction and go-forward contracts that further confirm future performance of the Company. Proof of Funds required.
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Property Features and Assets:
10,000 Square Foot Warehouse & Office.
Market Competition and Expansion:
Mass migration to Florida throughout COVID has created a massive demand for housing and renovations in the southeast. Flooring and other contractors in Florida have been seeing a massive comeback of steady business, already committed and slated to continue for the foreseeable future. Growth Notes: Company showing a massive resurgence and comeback from covid - with over $5 million in upcoming work already committed.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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