See Similar Listings

Gazelle-Growth: Manufacturing & Sales Center (CONTRACTED REVENUES)

Spring Hill, FL
Custom Closet (actual client)
Custom Closet (actual client)
Asking Price:$3,750,000
Gross Revenue:$2,030,646
EBITDA:$514,026
Real Estate:$1,800,000
Cash Flow:$614,026
Inventory:$40,000
FF&E:$871,477
Established Year:1999
Listing ID: 2249868Listing provided by BizBuySell
BUSINESS DESCRIPTION

High Margin with Exponential Growth Opportunity

This Established Gazelle-Phase Business began in the Murphy Bed Industry in 1996. One year later in 1997, CREATE MORE SPACE was born and their initial growth led to the grand opening of the manufacturing center and showroom in 2000. Ever since, Create More Space has been an icon located on US-19 in Spring Hill, FL.
Fast forward to today and you'll find a resilient, high-margin business that not only has weathered but also thrived through the storms of 2000 (Dot-Com), 2008 (GCF), and 2020 (Covid & Inflation).
The facility utilizes nested-based CNC router manufacturing, which communicates directly with the showroom and design software. This operational structure shortens the sales cycle and eliminates wasted resources while ensuring the highest quality and efficient production available. By offering more colors, finishes, and materials over the last few years, the business offers unrivaled selection and customer experience.
Create More Space’s goal has always been to provide the highest quality and most expertly designed space solutions throughout homes and even commercial spaces like offices and retail outlets. While the product offerings have continued to improve over the past two decades, the true opportunity comes in the form of future growth.
After recent major capital expenditures totaling over $700,000, the installation of state-of-the-art technologies, and the exclusive manufacturing contract with Wall Beds Plus in the Villages, Create More Space is primed to exceed the 25% annualized growth from the past 4-years with the expectation of adding $100,000-200,000 to top end revenue EACH MONTH (this is driven by the Villages store, which again has an exclusive contract with the Spring Hill manufacturing center to be the exclusive manufacturer for all of the Villages store projects).
Real Estate note: The business is available for purchase separately from the real estate.
Please contact Doug J. O’Donnell for further operational and financial information.

ATTACHED DOCUMENTS
1251 Commercial Way, Spring Hill, FL Flyer 09.13.2024.pdf.pdf Download
DETAILED INFORMATION
Location
Spring Hill, FL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
8,926
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The facility includes a manageable showroom of approx. 500sf with 3 design stations where customers can design and see their new space in a 3-D model. The remaining roughly 8,500sf is utilized as a multi-stage manufacturing, light-assembly, and grade-height loading area with two 12' roll-up doors.
Competition
Create More Space is the only player in the Tampa MSA with their own manufacturing center. Because of this, Create More Space has the capacity to compete with larger companies with their custom designs, quality, and value.
Growth & Expansion
Hernando County currently has over 3,000 units of new Single Family Residential housing planned or under construction. Contractors, developers, and the individual home owners are all potential customers of Create More Space. Once the new owner is acclimated to operations, there are exponential growth opportunities in Hernando, Pasco, Hillsborough, and Pinellas counties, which are all within the same drive time radius as delivering to the Villages. Finally, the path of development continues North, which includes Citrus and Sumter Counties.
Financing
Cash, SBA, Conventional, Private Equity, etc.
Support & Training
Sellers own a showroom in the Villages, which is contracted with the Spring Hill manufacturing center as the exclusive manufacturer for the Villages location. The contracted amount in 2023 totaled $1,227,726 from the Villages' sales, which is set to increase on an average of 20-30% in the first 5 years after acquisition.
Reason for Selling
The Sellers want to focus on their highest return portion of the business, which
Report an Issue with this listing
Doug J.O'Donnell
Phone Number
Doug J. O'Donnell
Call Phone