Lucrative Flooring Restoration Business on Florida’s West Coast

Price: $1,295,000

Location: Hillsborough County

Listing ID: 4110-00236

Listing Status: Under Contract

Description

Available for sale is a highly profitable flooring restoration and maintenance company with a strong concentration of high-end clientele in an excellent location servicing both residential and commercial clients in multiple counties who trust this company’s extensive experience and name recognition. Staff in place for continued success.
This recession resistant business is thriving, with high profit margins, COGs at only 5% and labor representing 15-30%. The seller is ready to relax and enjoy the money that this business has earned him. A new owner could come in and continue business as the seller has already structured or focus on future growth through expanding the service area, adding other services, hiring an aggressive salesperson, etc.

LISTING DETAILS

Down Payment: $259,000

Total Sales: $1,142,190

FFE: $50,000

FFE Included: Yes

Inventory: $10,000

Inventory Included: Yes

Operation

Year Established: 2005

Year of last Acquisition: 2005

Days & Hours of Operation: 8am - 5pm Mon - Fri

Owner Hours Per Week: 40

Lender Pre-Qualified: Yes

Employees: 6

Managers: 1

Absentee Owner: No

Lease Option: Negotiable

Location

Monthly Rent: $2,408

Type of Location: Warehouse

Square Footage: 2,500

Relocatable: No

Summary

Reason For Sale:

Discuss with seller.

Training & Support:

Two weeks training with no cost to buyer.

Owner Qualifications:

Business Experience

Financing/Terms:

Purchase Price: $1,295,000 | Down Payment: $259,000 | Working Capital: $60,000 | Loan Fees: $18,130 | Closing Costs: $18,130 | Loan/Other: $1,132,260 | Total:$1,391,260 | Mos: 120 | Rate: 5.75 |Mo Pmt: $12,428.73

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

James Parker

James Parker