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Portland Flooring & Hard Surfaces Design Store
BUSINESS SUMMARY:
This business is a full-service interior surfaces store which provides ‘one-stop shopping’ of products for new construction or remodeling projects for builders and homeowners. This company’s focus is on the pre-planning of estimated budgets, which allows a project to successfully go all the way through the installation of interior surface materials. Multiple levels of service are available, providing as little or as much help as a customer/builder needs; however, the turnkey full service has been the majority of their business and reputation.
Over 20 years ago they started with one full-time and two part-time designers. To this day the business continues to grow by referrals in this ever expanding market. They have a diverse client base and flexible design package. They provide and create a range of affordable packages, from budget to high-end. This company’s staff has the right blend of independence and loyalty and could be managed just as easily by an industry or non-industry buyer.
It is important to note, they have been able to diversify their risk in spite of market conditions by focusing on high-end custom homes and other production markets, some with ongoing contracts.
Square Feet: Business operates very efficiently from an approx. 3,500 SF location.
Lease Rate & Type: $2,225 / Mo. Gross Lease (No NNN Fees.)
BUSINESS STRENGTHS:
Strong financials - Central location to several markets
- Diverse client base
- Variety of product packages
- Well-trained staff
- Great reputation
SALES PRICE: $990,000
Seller prefers cash, but is prepared to take a small note for lending purposes.
FINANCIAL SUMMARY:
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2005
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2006
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2007
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6/30/08*
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Gross Sales -
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$3,822,220
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$3,392,654
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$4,291,884
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$1,576,688
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Net Profit -
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$202,262
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$321,850
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$263,722
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$106,651
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Recast Earnings -
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$320,081
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$427,767
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$453,089
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$285,836
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* 2008 Numbers from internal June 30, 2008 Profit and Loss Statement.
Additional information will be disclosed by Broker after completion, review & approval of the following:
Covenant of Confidentiality, Personal (or Business) Summary Financial Statement,
and possibly a Personal Resume.
Sorry, due to strict confidentiality issues there can be no exceptions.
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