Hardwood Floor Refinishing Co.

File# C2458
Location: Oakland County
Business Price: $375,000
Down Payment: $125,000
Monthly Payment:$4,950.30
Interest Rate: 7%
Amortization Period:60 months
Gross Sales: $800,498
Source: 2017 Tax Return
Cash Flow: $186,830
Source: 2017 Tax Return
Inventory: $5,000 +/-
Days Open: by appointment
Business Hours: by appointment
Seats: NA
Parking: ample
Licences Required:NA
Year Established:2002
Year Acquired: 2002
Monthly Rent:$995.00 (+340.00 NNN)

Profile:

We are proud to offer a very profitable hardwood flooring company offering its services in the suburban, metropolitan Detroit area. Most of the revenues generated by the business is from repeat business, new-customers and referrals. The business is not reliant on any single large clients. The customers are mostly concentrated in high-income areas. The primary revenue streams are “New Installations including Labor (37%)” and “Sand & Finish Revenues (67%)”. The company acquires most of its cliental from online marketing and referrals. The company was established by the current owner in 2002 and has a great reputation in the market for providing quality products and services. The company has experienced a continuous and healthy growth in revenues since 2002. Currently the company has 8 full-time employees and 1 contractor. The business comes with 4-Vans and all the equipment needed to perform the services they offer. They also have one full-time sales person who is primarily responsible for generating the company‚Äôs revenue. A new owner has a huge potential to increase revenues by adding more crew members. This is a turn-key business with solid year-over-year growth and revenues which makes this a highly attractive acquisition opportunity that offers huge upside for overall return on investment.

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.