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Eastern Michigan Commercial and Retail Floor Covering supplier

Saginaw, MI (Saginaw County)

Eastern Michigan Commercial and Retail Floor Covering supplier
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Asking Price: $2,725,000

Cash Flow: $994,295

Gross Revenue: $6,615,598

EBITDA: N/A

FF&E: $150,000

Inventory: $1,150,000

Real Estate: $3,000,000*

Established: 1959

*not included in asking price.

Eastern Michigan Commercial and Retail Floor Covering supplier

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Business Description

$994k Cash Flow on $6.6 Million Rev Commercial Flooring Sales

Independently owned, multi-location Commercial Floor Covering (50% of sales) and Residential Floor Covering (25% of sales) and associated products (25% of sales) supplier. This is an established company with outstanding brand reputation. Combined revenues for all 3 locations was approximately $6.6 million with cash flow of approximately $994,000 in 2018. Business for sale for $2.725 million and the real estate is also for sale for $3.0 million for a total purchase price of $5.725 million. Leasing the real estate is also an option. For additional information please contact Rick Elliott with Sunbelt Business Advisors

Detailed Information

Location:
Saginaw, MI
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
SBA
Reason for Selling:
Retirement
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Sunbelt Business Brokers and M&A Advisors

Business Listed By:
Sunbelt Business Brokers

Sunbelt Business Brokers

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