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Wood Floor Refinishing for Sale in Central Connecticut
| Reference #: |
05221619
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| Location: |
Central Connecticut
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| Price: |
$200,000 |
| Amount Down: |
$200,000 |
| Revenues: |
$238,655 |
| Discretionary Earnings: |
$50,795 |
| Total Assets: |
$30,000 |
| Business Description: |
Business was established in 1965 and has been run for the past 45 years by the founder and current owner. It is a top rated firm according to statewide and regional lists. Customers include homeowners, contractors, schools, universities and dance studios. Most of the business is residential and a small percentage commercial. The owner creates and designs to customer specifications and is one of the first refinishing firms to go "dust free". Customer base includes Connecticut primarily, but also NY, PA, MA, NH, RI and Florida in the past. Sales data in recent years has ranged between $250,000 and $350,000 per year with owner income ranging from $50,000 to $75,000. Peak sales and earnings were significantly higher,approximately double, particularly in the strong economic years of the late 1980's and late 1990's. Owner now has one full time employee to assist in refinishing work and one in the office. Equipment including a service van and all special tools are included in the sale. Business activity can be expected to improve with the overall economy, particularly in housing. |
Contact Us About This Business For Sale
The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business. |
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