MergerPlace

HIGHLY SUCCESSFUL FLOORING/CARPET CO.

San Francisco-North Bay Area, California


  • Asking Price: $960,000
  • Gross Income: $2,387,000
  • Cash Flow: $290,822
  • Real Estate: $4,501
  • Inventory: $80,000
  • FF&E: Not Disclosed
  • Listing ID: #212347
  • Established: 1997
  • Employees: 7 FT 3 PT 2 Owners

Business Description

Included in sale: $220,00 in net current items which includes working capital of $100,000 in cash, $40,000 in
accounts receivable and $80,000 in inventory.

Located in the North Bay of the SF Bay Area. Founded in 1997 and under current ownership since 2004. Circa 80% residential, 20% commercial accounts. No account constitutes more than 10% of sales. Well trained and experienced staff who handle sales, administration, warehousing, and installation. Attractive 11,000 square foot facility with a long-term lease available-five years and an option for additional five years-with fair minded and supportive landlord.

Reason for sale: seller wish to retire. Licenses required: Business and C-15. If buyer does not currently possess the C-15 license, owner will stay on as RME (Responsible Managing Employee) until buyer can qualify for that C license(Depending on experience1+ years) .

Financing: with 30% down seller will carry a note for balance for well qualified buyer. Good FICO score, RE collateral, personal guarantee, and transferable business skills. Ten year fully amortization at 7% APR Monthly payments of 7208.
If you would welcome a reasonable commute from within Marin or Sonoma counties or consider relocation to a slower life style, this is an opportunity you should not miss.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or contact Richard Waxman at 415 515 3487 to receive a confidentiality agreement and learn more about this opportunity.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: California
Metropolitan Area: San Francisco-North Bay Area

Company Information

Year Established: 1997
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7 FT 3 PT 2 Owners

Financial Information

Asking Price: $960,000
Gross Revenue: $2,387,000
Cash Flow: $290,822
Inventory: $80,000
Real Estate: $4,501
Seller Financing Available: Yes

Property Information

Facilities:

Off busy street with other commercial businesses nearby. No foot traffic, but excellent freeway access. Attractive one-story commercial/retail space with ample parking, attractive display area, and administrative offices.

Growth & expansion opportunities:

Could expand services into related areas.

Competition:

Home Depot, Friedman's Hardware -Higher quality service

Reason for selling:

Retiring

Support & Training:

Seller will consider seller finance for a qualified buyer with good credit and a significant down payment.

Contact Business Seller

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Business Listed By:

Richard Waxman

Certified Business Broker