Business For Sale

Flooring Retail & Installation with 25% Profit

Not Disclosed, NE
Hall County


Asking Price: Annual Revenue:
$260,000 $709,024

Services: Home Improvement, Repair, Painting


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RE: Flooring Retail & Installation with 25% Profit Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $260,000 10% Buyer Down Payment: $26,000 10% Seller Financing: $26,000 80% Bank Loan: $208,000 Bank loan 58% collateralized by assets. A 10% down payment would profit $122,326 after debts, a 470% return on investment.

Quick Facts

Asking Price: $260,000
Annual Revenue: $709,024
Net Profit: Not Disclosed
Cash Flow: $160,944
Total Debt: Not Disclosed
FF&E: $72,732
Real Estate: Not Disclosed
Year Established: 1994
Employees: 11
BBN Listing #: 689234398
Broker Reference #: CON026

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Business Overview:

For the past 23 years, this flooring retail and installation business has thrived on repeat clientele. Housed in a 6,000-sq. ft. facility with a showroom and office space, the current owner is profiting over $100,000. Located in central Nebraska, customers consist of homeowners, building managers, contractors, hospitals and assisted living facilities. An offsite warehouse holds $50,000 worth of inventory, which consists of carpet, tile, stone, hardwood, laminate and vinyl.

Employees include a full-time office manager and 10 subcontractors to install the flooring. The owner currently works 4 full days per week handling billing, developing the business, taking measurements and providing estimates. While around 20% of customers request installation only, about 80% choose to buy and install flooring through the company.

Included in the purchase is over $164,000 in assets, consisting of $72,000 in equipment and machinery.

Years in Business: 23
Location and Service Area: Central Nebraska
Clients: Homeowners, commercial buildings managers, contractors, hospitals, assisted living facilities
Services: 20% install only, 80% sell & install
Building: 6,000 sq. ft. showroom and office space; 15,000 sq. ft. offsite warehouse
Reason for Selling: Moving to Texas
Employees: 1 FT Office Manager, 10 subcontractors
Hours: Mon – Fri 9am to 7pm, Sat 9am to 5pm
Seller Training Period: 90 days
Growth Opportunities: Bid more commercial projects, partner with nearby retailers for referrals
Current Owner’s Responsibilities: Seller spends 32 hours/week handling billing, developing the business, taking measurements and providing estimates

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Property Features and Assets:

Assets Included in Purchase: $164,928 Equipment: $72,733 – office furniture and fixtures, new computers, website, forklifts, pallet jacks, wet saws, Bulldog machine Vehicles: 2004 Ford E250 Econoline delivery van Intangible Assets: Strong reputation Inventory: $50,000 in carpet, tile, stone, hardwood, laminate and vinyl A/R: $42,195 *amounts may vary

Market Competition and Expansion:

Clients: Homeowners, commercial buildings managers, contractors, hospitals, assisted living facilities. Services: 20% install only, 80% sell & install Growth Opportunities: Bid more commercial projects, partner with nearby retailers for referrals.

Reason for Selling:

Moving to Texas.

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.

Documents:

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