Top Performing Flooring Restoration Franchise Resale
Henrico County, VA
| Asking Price: | $395,000 |
| Gross Revenue: | $1,007,543 |
| Rent: | $1,100 |
| Established Year: | 2009 |
| Cash Flow: | $197,500 |
| Inventory: | $6,000 |
| FF&E: | $117,500 |
Listing ID: 2161496Listing provided by BizBuySell
BUSINESS DESCRIPTION
This location is the top performer franchise of the brand for several years. A proven advertising program generates substantial leads and job requests. Affordable low cost indoor floor refinishing and restoring services without dusty sanding.
Floor refinishing process is a wet solution and high speed machine to prepare then seal the floor with a custom developed sealer, followed by a choice of finishes. Strong local presence and referral network enables continued growth.
Opportunity to expand services - - - cabinets, doors, decks, fences and more.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
975
Lease Expiration
30/03/2024
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: Yearly Renewal
Facilities: Small office in front with storage area and rollup garage door.
FF&E Overview: Office furniture, vehicles, restoring and refinishing equipment to perform jobs. Keeps extra equipment at shop for quick replacement.
FF&E General Condition: Good condition as equipment is maintained and serviced on regular basis, and replaced when needed.
Competition
Several independent and a couple of franchise competitors in the area. The owner has developed a very cost effective marketing program with good close rate and growing referral network - realtors, property managers, builders, insurance companies, etc.
Growth & Expansion
Expand service offering for restoring and refinishing cabinets, doors, railings and furniture. Opportunity for outdoor jobs involving decks, fences, and porches. Market to apartment owners and managers, pursue commercial jobs.
Financing
Owner Financing Amount: $39,500.00
Support & Training
Number of Weeks Seller Will Offer Training: 4
Reason for Selling
Other business interest
Franchise
This business is an established franchise
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