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Hardwood Floor Refinishing Co.

Just Listed 

$375,000.00

We are proud to offer a very profitable hardwood flooring company offering its services in the suburban, metropolitan Detroit area. Most of the revenues generated by the business is 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 cliental 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 a continuous and healthy growth in revenues since 2002. Currently the company has 8 full-time employees and 1 contractor. 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 the company’s revenue. A new owner has a huge potential to increase revenues by adding more crew members. 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.

  • 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
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