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Nation Wide Floor Coating Company
Additional Details
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VR
Business Sales
Mergers & Acquisitions
1518 Legacy Drive, Suite 102
Frisco, TX 75034
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http://www.vrpbg.com
214-387-9395
877-745-7776
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Primary Industry
H0300
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Professional Services |
Category |
Professional Services |
| Business Description |
Nation Wide Floor Coating Company |
| SIC Code |
|
Organizational Form |
Corporation |
| General Location |
Ohio, but Services Nationwide |
| Selling Price |
$2,400,000 |
Down Payment |
$2,400,000 |
| Annual Revenues |
$1,963,562 |
Discretionary Earnings |
$617,946 |
|
Seasonal? N Can
Relocate? Y Home Based? Y Absentee
Owner? N Franchise? N
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Days and Hours
of Operation |
|
Year Established |
1986 |
| Years Owned |
|
| Full-Time Employees |
11 |
Part Time |
Managers |
| Other Payroll Information |
|
| Hours Owner Works |
|
| Owner's Duties |
Owner is willing to stay on as long
as needed. |
| Skills Required |
|
| Training & Cost |
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| Non Compete |
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Executive Summary
This floor coating business is nationwide, with easy turnkey
relocation if the buyer desires. With over 15 years in the
business and thousands of clients, this business has built a stellar
reputation for excellence across the country. The business is
well-managed, professional, fully licensed and bonded, with
state-of-the-art equipment, employing highly-trained and qualified
installers, a satisfaction guarantee, and free consultations. Our client
is the obvious solution to any coating needs; they have over 15 years of
experience and pay close attention to detail. They have been providing
the highest quality commercial/industrial applications of interior and
exterior coatings, concrete floor epoxy coating, as well as concrete
polishing, and staining. Our client is headquartered in a major city in
Ohio, but is able to server its customers nationwide.
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Assets (Y=Included / N=Not
Included / A=Available)
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| Accounts Receivable |
N |
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Licenses |
N |
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| Inventory |
N |
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Type of License |
|
|
| L/H Improvements |
N |
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Other Assets |
Y |
$2,000,000
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| Furniture / Equipment |
N |
|
|
|
|
| Real Estate |
N |
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Total Assets |
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$2,000,000
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Financing
|
Third Party Written Approval ND |
| |
Note Amount |
Rate |
# of Payments |
Payment Amount |
| Seller |
|
|
|
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| Assumable |
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| Non Seller |
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| Notes: |
Open to, but would rather not. |
Financial Information
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| |
Year and Source |
2008 |
P/L Statement |
2007 |
P/L Statement |
|
|
| Gross Revenues |
$1,963,562
|
$1,812,720
|
|
| Cost of Goods Sold |
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$721,854
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|
| Gross Profit |
$1,963,562
|
$1,090,866
|
|
| Payroll |
|
$318,362
|
|
| Expenses |
$1,345,616
|
$183,031
|
|
| Net Profit (before taxes) |
$617,946
|
$589,473
|
|
| |
Depreciation/Amortization |
|
|
|
| Interest |
|
$2,226
|
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| Owner Salary |
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$53,574
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| Fringe Benefits |
|
|
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| Other |
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COGS Add Back
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|
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$12,000
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| Other |
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Owner Health Ins.
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$2,000
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| Other |
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| Seller's Discretionary Cash |
$617,946
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$659,273
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Marketing Information
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| Strengths & Opportunities |
This is a great company with future work already in the
pipeline. |
| Area, Facilities & Equipment |
This company is home based and serves clients nationwide.
Therefore, there is no tie to a particular area and the company could be
relocated. |
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Information contained herein has been provided by the seller. Broker
has not and will not verify the accuracy or completeness of any
information. Purchasers are advised to consult with their legal and
financial advisors to the extent they deem necessary.
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