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General Business Information
Listing ID:
4110-00303
Listing Type:
Exclusive Right of Sale
Price:
$1,995,000
Down Payment:
$331,400
Category:
Concrete Products
County:
Citrus
State/Prov:
Florida
Country:
United States
Sales:
$2,012,679
SDE:
$863,254
Description of Business
Immediately available is a thriving, well established leader in a B2B industry that has a high barrier of entry and therefore is
enjoying explosive growth that is projected to continue for years to come. This is an industry that anyone with business
experience and management skills can step right into and begin reaping the rewards of a high profit margin with only a handful of competitors in the entire state of Florida.
The services provided by the nearly 20 year old concrete polishing business are considered to be a green, environmentally friendly process that architects, contractors, engineers and interior designers are constantly reaching out for, so they maintain a full workload from repeat business and referrals. The business has built in relationships with
contractors, low, fixed expenses and no need to advertise, because the revenue comes to it!
No special licensing requirements and for a qualified buyer this business comes with $150,000 in Working Capital!
Listing Details
Location:
NW of Central Florida
Organization Type:
Sub-S Corporation
Hours of Operation:
Monday - Friday 8a - 6p
Years Established:
2010
Years Owned:
12
Employees FT:
8
Employees PT:
2
Amount of Hours Owner Works:
25
Is Relocatable:
Yes
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
Yes
May Qualify for a Visa:
Yes
Financial Information
INCOME PERIOD, Year
GROSS SALES
– Costs of Goods Sold
= Gross Profit
– Total Expenses
= Net Before Taxes
ADD BACKS
+ Owner(s) Salary
+ Benefits
+ Interest Expense
+ Depreciation
+ Other
TOTAL OWNER BENEFIT
2022
$2,012,679
$296,320
$1,716,359
$897,885
$818,474
$102,000
$0
$2,663
$0
$-59,883
$863,254
2021
$1,332,679
$305,666
$1,027,013
$630,546
$396,467
$104,000
$0
$4,188
$0
$-31,070
$473,585
2020
$1,323,724
$261,640
$1,062,084
$706,319
$356,402
$52,000
$0
$2,175
$0
$-49,818
$360,759
Assets Included in Sale
Real Estate:
$795,000
Leasehold Improvements:
$20,000 Included
FF+E:
$700,000 Included
Inventory:
$50,000 Included
Total Assets Included:
$770,000
Lease Information
Monthly Rent:
$3,024
Expiration Date:
2027-06-30
Square Footage:
4,320
Terms and Options:
(1) 5 year option
Building Type:
Warehouse & Building
Summary
Reason for Sale:
Discuss with the seller.
Training and Support:
Seller will stay on for a four week acclimation period at no cost to the new owner.
Non Compete:
200 Miles | 3 Years
Owner Qualifications:
Business Experience
Financing Summary:
SBA Lender Pre-qualified --- BUYER DOWN PAYMENT FOR BUSINESS ONLY LOAN: $331,400 --- Loan Term........120 Months Fully Amortized Rate........P+2.75% Max, Variable (9.75% present rate) --- M o n t h l y L o a n P a y m e n t............... $ 2 4 ,5 5 7 --- BUYER DOWN PAYMENT FOR BUSINESS + PROPERTY: $415,700 --- Loan Term........169 Months Fully Amortized Rate........P+2.75% Max, Variable (9.75% present rate) --- M o n t h ly L o a n P a y m e n t........$28,5 6 3 --- $150,000 in Working Capital included with SBA Loan. --- Small Business Administration financing is subject to the qualification of individual Buyers. This business has not directly been reviewed by the SBA.
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00303
Listing Type: Exclusive Right of Sale
Price: $1,995,000
Down Payment: $331,400
Category: Concrete Products
County: Citrus
State/Prov: Florida
Country: United States
Sales: $2,012,679
SDE: $863,254
Description of Business
Immediately available is a thriving, well established leader in a B2B industry that has a high barrier of entry and therefore is
enjoying explosive growth that is projected to continue for years to come. This is an industry that anyone with business
experience and management skills can step right into and begin reaping the rewards of a high profit margin with only a handful of competitors in the entire state of Florida.
The services provided by the nearly 20 year old concrete polishing business are considered to be a green, environmentally friendly process that architects, contractors, engineers and interior designers are constantly reaching out for, so they maintain a full workload from repeat business and referrals. The business has built in relationships with
contractors, low, fixed expenses and no need to advertise, because the revenue comes to it!
No special licensing requirements and for a qualified buyer this business comes with $150,000 in Working Capital!
Listing Details
Location: NW of Central Florida
Organization Type: Sub-S Corporation
Hours of Operation: Monday - Friday 8a - 6p
Years Established: 2010
Years Owned: 12
Employees FT: 8
Employees PT: 2
Amount of Hours Owner Works: 25
Is Relocatable: Yes
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: Yes
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2022
GROSS SALES: $2,012,679
– Costs of Goods Sold: $296,320
= Gross Profit: $1,716,359
– Total Expenses: $897,885
= Net Before Taxes: $818,474
ADD BACKS
+ Owner(s) Salary: $102,000
+ Benefits: $0
+ Interest Expense: $2,663
+ Depreciation: $0
+ Other : $-59,883
TOTAL OWNER BENEFIT: $863,254
INCOME PERIOD, Year: 2021
GROSS SALES: $1,332,679
– Costs of Goods Sold: $305,666
= Gross Profit: $1,027,013
– Total Expenses: $630,546
= Net Before Taxes: $396,467
ADD BACKS
+ Owner(s) Salary: $104,000
+ Benefits: $0
+ Interest Expense: $4,188
+ Depreciation: $0
+ Other : $-31,070
TOTAL OWNER BENEFIT: $473,585
INCOME PERIOD, Year: 2020
GROSS SALES: $1,323,724
– Costs of Goods Sold: $261,640
= Gross Profit: $1,062,084
– Total Expenses: $706,319
= Net Before Taxes: $356,402
ADD BACKS
+ Owner(s) Salary: $52,000
+ Benefits: $0
+ Interest Expense: $2,175
+ Depreciation: $0
+ Other : $-49,818
TOTAL OWNER BENEFIT: $360,759
Assets Included in Sale
Inventory: $50,000 Included
FF+E: $700,000 Included
Leasehold Improvements: $20,000 Included
Real Estate: $795,000
Total Assets Included: $770,000
Lease Information
Monthly Rent: $3,024
Expiration Date: 2027-06-30
Square Footage: 4,320
Terms and Options: (1) 5 year option
Building Type: Warehouse & Building
Summary
Reason for Sale: Discuss with the seller.
Training and Support: Seller will stay on for a four week acclimation period at no cost to the new owner.
Non Compete: 200 Miles | 3 Years
Owner Qualifications: Business Experience
Financing Summary: SBA Lender Pre-qualified --- BUYER DOWN PAYMENT FOR BUSINESS ONLY LOAN: $331,400 --- Loan Term........120 Months Fully Amortized Rate........P+2.75% Max, Variable (9.75% present rate) --- M o n t h l y L o a n P a y m e n t............... $ 2 4 ,5 5 7 --- BUYER DOWN PAYMENT FOR BUSINESS + PROPERTY: $415,700 --- Loan Term........169 Months Fully Amortized Rate........P+2.75% Max, Variable (9.75% present rate) --- M o n t h ly L o a n P a y m e n t........$28,5 6 3 --- $150,000 in Working Capital included with SBA Loan. --- Small Business Administration financing is subject to the qualification of individual Buyers. This business has not directly been reviewed by the SBA.
LISTING BROKER