$860,000. Included in sale: $170,00 in net current items which includes working capital of $50,000 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 train and stay as RME (Responsible Managing Employee) until buyer can qualify for that C license (Depending on experience1+ years) .
Financing: with 30% down-260k- seller will carry a note for balance -600k-for well qualified buyer. Ten year fully amortization at 7% APR,120Monthly payments of $6966.51.
If you would welcome a 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 .
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.
Could expand services into related areas.
Home Depot, Friedman's Hardware -Higher quality service
Seller will consider seller finance for a qualified buyer with good credit and a significant down payment.