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Hardwood Floor Refinishing Co.

Popular Listing Featured 

$250,000.00

  • Featured Listing : Yes
  • File No. : C2458
  • Location : Oakland County
  • Down Payment Option : $125,000
  • Monthly Payment : $4,950.30
  • Financing Interest Rate : 7%
  • Financing Period : 60 months
  • Gross Sales : $800,498
  • Source of Financial Info : 2017 Tax Return
  • Cash Flow : $186,830
  • Total Inventory : $5,000 +/-
  • Days Open : by appointment
  • Hours of Operation : by appointment
  • Parking : ample
  • License Requirement : NA
  • Year Established : 2002
  • Year Acquired : 2002
  • Monthly Rent : $995.00 (+340.00 NNN)
  • Real Estate Price : NA
  • Real Estate Purchase Terms : NA

The owner of the company has just reduced the price making this listing a phenomenal deal. This is a very profitable hardwood flooring company offering its services in the suburban, metropolitan Detroit area. Most of the revenues generated by the business are 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 clients 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 continuous and healthy growth in revenues since 2002. Currently, the company is using all contractors to perform the jobs which keeps the fixed overhead low. 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 most of the company’s revenue. A new owner has a huge potential to increase revenues by increasing the capacity of the business by bringing on more contractors. 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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