MergerPlace

Profitable, Well-Est.Tile Installation

Idaho


  • Asking Price: $982,000
  • Gross Income: $1,300,000
  • Cash Flow: $486,230
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $117,339
  • Listing ID: #202087
  • Established: 2006
  • Employees: 15 FT

Business Description

If you are looking for a highly profitable and in-demand service business and like working with people, this may be the right fit. This successful, well-established, contracting business installs tile and wood flooring for mainly upscale residential home owners. The company's newer model trucks come fully equipped with installation tools and supplies. The business works exclusively with several respected flooring retail vendors allowing a wide product selection. Customers select tile or flooring choice from a trusted third-party vendor thus eliminating the company's need to stock inventory. The business has a three-week waiting list to complete new work. The profitable business history proves there is a strong demand for quality craftsmanship and outstanding customer service.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Idaho

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 15 FT

Financial Information

Asking Price: $982,000
Gross Revenue: $1,300,000
Cash Flow: $486,230
FF&E: $117,339
Seller Financing Available: Yes

Property Information

Facilities:

The company owns a 2,994 square foot building which it shares with one other tenant. The Seller is willing to lease approximately one-half of the building to a new owner at market rate rent. The Seller is also willing to consider a purchase offer from a new owner at a negotiated price.

Growth & expansion opportunities:

The company expects to end 2017 with at least the same level of earnings as experienced in 2016. According to IBISWorld research, the industry projects 4.5% top-line growth. With the strong, continued, local demand for housing and remodeling of existing homes, the company expects strong results beyond 2017. Quality is the cornerstone of this business and customer service will remain a priority to nurture vendor relationships and new customer referrals.

Competition:

There are other local competitors but the company differentiates itself with uncompromising quality and reliability. Tile retail vendors and customer trust the company to do the job well and guarantee its work quality. Company enjoys many long-standing relationships with retailers who consistently refer new jobs. The industry is stable and is projected to remain so. The company began operating during the recession yet thrived because of the workmanship quality and strong customer service which serves the company well today.

Reason for selling:

The owner is selling the business to spend more time with family and to travel. There is an interest in remaining as an employee under new ownership after the sale.

Support & Training:

Will train for 3 weeks @ no cost. The company's main service is tile installation. No specific licenses beyond a contractor license may be required. While previous contracting experience is not required, knowledge of employee management, tile installation and job costing is beneficial.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

David Choate

Murphy Business Brokers