Top Performing Flooring Restoration Franchise
Relocatable, VA Henrico County
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- RE: Top Performing Flooring Restoration Franchise
- Contact: Russell Fergusson
Quick Facts
| Asking Price: | $395,000 | |
| Annual Revenue: | $1,007,543 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $197,500 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $117,500 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2009 | |
| Employees: | 9 | |
| BBN Listing #: | 367443891 | |
| Broker Reference #: | 9525-208961 |
Business Overview:
Top Performing Flooring Restoration Franchise ResaleThis location is the top performer franchise of the brand for several years. A proven advertising program generates substantial leads and job requests. Affordable low cost indoor floor refinishing and restoring services without dusty sanding.
Floor refinishing process is a wet solution and high speed machine to prepare then seal the floor with a custom developed sealer, followed by a choice of finishes. Strong local presence and referral network enables continued growth.
Opportunity to expand services - - - cabinets, doors, decks, fences and more.
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Property Features and Assets:
Monthly Rent: $1,100.00
Square Units (Foot, Meter): 975
Lease Expiration Date: March 30, 2024, 9:00:00 PM
Terms Options: Yearly Renewal
Facilities:Small office in front with storage area and rollup garage door.
FF&E Overview:Office furniture, vehicles, restoring and refinishing equipment to perform jobs. Keeps extra equipment at shop for quick replacement.
FF&E General Condition: Good condition as equipment is maintained and serviced on regular basis, and replaced when needed.
Market Competition and Expansion:
Competition: Several independent and a couple of franchise competitors in the area. The owner has developed a very cost effective marketing program with good close rate and growing referral network - realtors, property managers, builders, insurance companies, etc.
Expansion: Expand service offering for restoring and refinishing cabinets, doors, railings and furniture. Opportunity for outdoor jobs involving decks, fences, and porches. Market to apartment owners and managers, pursue commercial jobs.
Reason for Selling:
Other Business InterestsAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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