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Round Lake, Lake County

Round Lake Flooring Company — Backlog and License

A flooring company in Round Lake is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Gurnee — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide flooring companies playbook is on the industry hub; this page is the Round Lake file. Confidential sale. No upfront listing fee.

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Round Lake market

Selling a flooring company in Round Lake

A flooring company in Round Lake is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Gurnee — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide flooring companies playbook is on the industry hub; this page is the Round Lake file.

Round Lake is a far-north Lake County village in the Chain O’Lakes orbit — rooftops, Route 134, and Metra, not a Gurnee interchange and not a North Shore downtown.

Buyer density drops as you leave I-94. Household services and small retail are the typical businesses. Seasonal lake recreation is a side story unless the P&L shows it. Neighboring Round Lake Beach and Grayslake are separate clerks — do not blur the village limits on the CIM.

Round Lake has about 18,289 residents in Lake County, inside the Chicago-Naperville-Elgin area. Nearby markets buyers already compare this book to include Gurnee, Waukegan, Libertyville, Mundelein. That comparison changes who shows up: a buyer who will drive from Gurnee is not the same buyer who will fly in from a coastal platform.

Planning facts

Typical multiple
2.5x–4x SDE
Typical timeline
4–9 months
SBA eligible
Often — confirm
County
Lake County
Population
18,289
Metro
Chicago-Naperville-Elgin
Nearby comps
Gurnee, Waukegan, Libertyville, Mundelein
Closing clock
Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago
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Lake County demand

Collar-county demand

DuPage, Lake, Kane, Will, McHenry, Kendall, and neighboring collar shops sell on household density and the I-88, I-90, I-94, and I-55 corridors.

There is no Chicago 45-day city notice unless the business also operates in Chicago. Buyers still compare this suburb to the next one on the same highway.

Round Lake demand for flooring companies is the customer list and the license path — not the Census population figure. About 18,289 residents is context for who already lives in the trade area. It is not a sale price.

Flooring Company in Round Lake

What a Round Lake buyer will underwrite on this flooring company

Construction in Round Lake is contracted backlog and whoever can pull the next municipal permit. Lake County and Round Lake clerk registrations are the local file. Bonding and prequalification sit on a person. They reset.

Flooring Companies statewide typically plan around 2.5x–4x SDE and a 4–9 months process when books and the lease are ready. That is a planning range, not a price for this Round Lake shop. Buyers here usually argue commercial vs residential mix, subcontractor vs employee model, showroom value, builder relationships.

Closing clock for this Round Lake file: Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. License path: No statewide flooring license. The industry hub teaches the statewide rule. This URL is the Round Lake application of it.

In a suburb like Round Lake, flooring professionals, construction pe groups, owner-operators are the names that usually appear on the NDA list. A buyer who will drive from Gurnee is not the same buyer who will fly in from a coastal platform.

Buyer pool

Who buys a flooring company in Round Lake

Split buyer pool: North Shore and Libertyville businesses attract SBA and strategics who want household income; Waukegan and industrial I-94 businesses attract operator and logistics buyers. Great Lakes Naval Station and tourism along the lake change seasonality for some retail and hospitality books.

Illustration: a showroom-and-install flooring company in Naperville with two employed installers, a builder book, and a seller who still measures every house. Not a closed sale.

A flooring company whose customers already sit in Gurnee, Waukegan, Libertyville, Mundelein is a larger business than one that stops at the Round Lake city limit. Tell the truth about the route. Buyers will map it.

SDE recast

How a buyer will read the books on this Round Lake flooring company

Flooring recasts on installed-job gross after a market-rate salesperson, not a builder-spec year. Add back owner-estimator hours, then isolate a single apartment-turnover contract and any showroom that loses money. Material inventory is working capital. A 2.5x–4x SDE band assumes installer capacity that is not only 1099 friends of the seller.

Illustration only — not a quote for any Round Lake shop. A flooring company whose tax return shows $78,000 of net profit is not worth $78,000 × a rumor multiple.

Add back the owner’s $81,000 W-2 and payroll tax, $26,500 of discretionary benefits, $14,500 of accepted one-time cost, and $11,000 of personal expenses that a buyer will not run. Then subtract $6,000 of replacement labor if the owner still diagnoses, sells, or closes the books.

Adjusted seller’s discretionary earnings are $205,000. At the planning range 2.5x–4.0x, enterprise value is $512,500 to $820,000. Mid-range 3.25x is $666,250 before debt, working capital, holdback, and tax. A Round Lake buyer will argue the multiple after they ride with the staff and read the lease.

At 3.25 times $205,000 of seller’s discretionary earnings, enterprise value is $666,250 before debt, working capital, holdback, and tax. That is the planning conversation. It is not a listing-site guess.

SDE line items

  1. Reported net profit (tax return, not the marketing P&L)
  2. + Interest expense
  3. + Income taxes (not payroll, sales, or property tax)
  4. + Depreciation and amortization
  5. + Owner W-2, bonuses, and payroll taxes on the owner
  6. + Discretionary owner benefits that a buyer will not keep (auto, personal travel, family on payroll with no role)
  7. + Accepted one-time or non-recurring expenses
  8. − Market-rate replacement labor for owner work that will not transfer
  9. = Seller’s Discretionary Earnings (SDE)
Illustration recast for a Round Lake flooring company — not a quote
Net profit$78,000
Owner W-2$81,000
Benefits$26,500
One-time$14,500
Personal$11,000
Replacement labor (subtract)−$6,000
Recast SDE$205,000
Planning EV at 3.25x$666,250

Recast Seller’s Discretionary Earnings, then apply a planning multiple for flooring companies. Replacement labor is subtracted. This is a planning tool, not an appraisal.

Recast SDE—
Planning enterprise value—

Before debt, working-capital peg, holdback, and tax. Educational only.

Enter your annual Seller's Discretionary Earnings (SDE) — your net profit plus owner's salary and any personal expenses run through the business — to estimate a range.

$
1x 3.0x 8x
Estimated Value Range — to —

This is an estimate for planning purposes only. Actual value depends on lease terms, asset quality, customer concentration, and current market conditions. Request a professional valuation for a precise number.

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Lake County closing

Licenses and closing steps for a Round Lake sale

Lake County closings use state CBS-1 plus municipal licenses (Waukegan, Gurnee, Libertyville, and North Shore villages each differ). No Chicago 45-day notice unless you also have a Chicago location. Lake County health and contractor registrations are common diligence items for food and trades.

No statewide flooring license. The Illinois Home Repair and Remodeling Act applies to residential jobs over the statutory threshold. Municipal contractor registrations and, in Chicago, general-contractor rules can apply when they act as GC. Commercial prevailing-wage jobs are a different file. Manufacturer certifications (LVP, hardwood, commercial) sit with people.

Labor and lease

What has to keep working on Monday after close in Round Lake

For a flooring company in Round Lake, the first labor question is: Installer capacity that stays.

I-94 is the spine. Route density is real between Buffalo Grove and Gurnee and thinner toward the Wisconsin line. Leases in outlet and tourism corridors can be franchise- or landlord-controlled. Winter lake-effect operations matter for home services.

Lake mixes Fortune-campus remnants, naval payroll, and bedroom suburbs. Do not price a Waukegan industrial book like a Libertyville professional practice.

Diligence

What a serious flooring company buyer will open

Levers that move the multiple in this vertical: Installer capacity that stays; Diversified builder and retail mix; Showroom lease a buyer can afford; Manufacturer certifications on staying people; Clean warranty and Home Repair Act file.

Have these ready before anyone hears the name of the Round Lake business: Residential retail vs builder vs commercial mix; Installer model: employed vs 1099 and who is staying; Showroom lease and inventory quality; Builder or property-manager concentration; Warranty reserves and manufacturer claims; Home Repair Act contracts and any complaint file.

Buyer tool

SBA payment sketch for a Round Lake flooring company buyer

Most Illinois owner-operator acquisitions use SBA 7(a). This is a payment sketch, not an approval.

SBA 7(a) loans are the most common financing for business acquisitions. Estimate your monthly payment and required down payment based on the purchase price.

$
%
%
yrs
Down Payment Required —
Loan Amount —
Est. Monthly Payment —

This calculator provides estimates for planning purposes only. Actual SBA loan terms depend on your credit profile, the specific lender, and current market conditions. Contact us to connect with SBA-approved lenders in Illinois.

Sale steps

How to prepare a Round Lake flooring company for sale

  1. Recast this Round Lake flooring company. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a Round Lake buyer must hire. Do not treat a spike year as the new normal.
  2. Name who can operate on Monday. List every credential that lets this flooring company pull a permit or see a patient in Round Lake, and whether that person stays. Personal licenses do not transfer with the assets.
  3. Tell the truth about the Round Lake trade area. Map customers against neighboring towns. Buyers will. A book that already covers those towns is larger than a book that stops at the Round Lake limit.
  4. Open the lease and the labor file. Remaining term and assignment in Lake County. Whether the crew can run without the seller living eight minutes away.
  5. Calendar the notices that apply here. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. Start them at letter of intent, not the week of funding.
  6. Read the statewide playbook, then talk. The Illinois flooring companies hub is the statute and recast teaching. This page is the Round Lake file. Confidential consult — no upfront listing fee.
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Questions

Questions about flooring companies in Round Lake

Answers for owners and buyers in Lake County, including local closing steps.

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