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"Reduced Price" Commercial Flooring Company, Dallas,Tx (Cash Sale)

Dallas County, TX
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Asking Price:$3,300,000
Gross Revenue:$4,900,000
Rent:$10,000/Month
Real Estate:$2,000,000
Cash Flow:$1,250,000
Inventory:$150,000
FF&E:$120,000
Established Year:1968
Listing ID: 2140334Listing provided by BizBuySell
BUSINESS DESCRIPTION

* Seeking an Owner/Operator only! "Cash Buyer" based in North Texas.

Price Reduction!

** Commercial Warehouse (14,800 SF) is available to buy for $2 MM will be included in sale for $5.3 MM total "cash sale".

This business opportunity offers full-service commercial flooring installation/distribution located in Texas; providing highest quality products and services to their customers all across the United States.

They distribute and install top quality Vinyl Plank, Wood, Tile, Porcelain, Cork, Ceramic, Carpet, Bamboo and Granite Counter Top products in Commercial, Multi-Family/Apartment/Senior Living Centers, Healthcare, Hospitality and Retail construction.

The company has a heritage of craftsmanship that spans about 55 years (established in 1968). Their enduring family of mills and brands are widely regarded as the most trusted names in the commercial flooring business. Together, they function beautifully; delivering the perfect flooring solution for all markets and price points.

DETAILED INFORMATION
Location
Dallas County, TX
Inventory
Included in asking price
Real Estate
Owned
Building SF
14,800
Lease Expiration
31/12/2026
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates out of a 14,800 SF commercial warehouse based in a larger metropolitan area with over 7 million people in North Texas. There is more than adequate space for future growth. Seller currently sublets a small space to generate extra company income. Since almost all of the work is performed 1099 subcontractors and 1099 installers, the warehouse has plenty of space available.In many cases, the product is purchased and stored (at no cost to client)many months ahead of installation to get best price available using the client's resources.
Competition
This is a solid company with over $4.9 MM revenues for 2023. Seller also has booked $4 MM/$5 MM (contracts) in place for 2024. Gross Profit margins are in the 32/33% range for the past several years. There is some customer concentration (by Seller's choice) that can be diversified if Buyer chooses. Contracts are large contracts over $1 MM so it doesn't require many jobs every year for the Seller to be satisfied.
Growth & Expansion
Seller feels that organic growth by existing customers is strong because of it's diverse customer base. By adding additional sales staff, it can be further enhanced. *Seller is seeking an "Owner Operator" with hands on in daily operations.
Financing
In addition, any Buyer must provide their own working capital requirement of $500,000
Support & Training
Seller will provide training and support for a negotiated period of time (at no cost to Buyer) to ensure a smooth business transition. *Seller is requiring all "Buyer Prospects" to provide proof of funds by personal/business financial statements, or other securities statements demonstrating the ability to close on this "all cash" deal.
Reason for Selling
Seller Retirement
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Steven
Denn
The Steven H. Denn Company
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Steven Denn
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