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Full - Service Flooring Business
Location: United States -> Massachusetts
Industry: Business Services > House and Garden Maintenance




Business Summary

The Company is a 30-year, family-owned and operated full-service flooring retail and cleaning business outside of Boston. The Company generated $1.35m in sales in 2016 and has consistently grown revenue and gross profits. Over the last six years, revenue and gross profits have increased at a 3% and 5% CAGR, respectively, with gross margins expanding roughly five percentage points over that same time period. The Company greatly benefits from its location (very affluent neighborhood), repeat and referral business representing more than 50% of sales, customer mix (~80% residential, 20% commercial) and cross-sell opportunities (new flooring and recurring cleaning). The Company employs 3 full-time employees (including the owner) and also utilizes a network of loyal, long-time contractors. The owner is looking to retire after 30-years, and has identified numerous opportunities for a buyer to improve upon the already healthy growth and margin profile of the business.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,350,000
Cash Flow:   $225,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $3,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1986
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  As needed
Reason For Selling:  Owner would like to retire




Print Listing Id: 700327260
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Related Searches: Advertising and Marketing  >  Architecture and Interior Design  >  Commercial Cleaning  >  Construction  >  Equipment Rental and Leasing  >  Financial  >  Graphic Design  >  House and Garden Maintenance  >  Laundry  >  Locksmiths  >  Pet Care  >  Postal and Messenger Services  >  Printing Service  >  Security and Protection Services  >  Staffing  >  Towing  >  Transportation - Airplane, Taxi, and Limousine  >  Waste Services  >  Other Services  > 

Also See: Franchise Opportunities > Franchise Resales > Massachusetts Businesses For Sale > Massachusetts Franchises For Sale > Massachusetts Business Brokers



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