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Listed by:

M&A Business Advisors

Broker license number: 00559099

Highly Successful Flooring With Carpet For Sale

San Francisco Bay Area, California - North
Asking Price:
$860,000 (USD) Inventory / Stock included
Sales Revenue:
$2,387,000 (USD)
Cash Flow:
$290,822 (USD)

$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.

Property information

Real Estate:

Lease

Lease Terms:

Lease expires Nov. 2019.
1 five year option

Leasehold Rent:

4511 per month per annum

Location:

Off busy street with other commercial businesses nearby.
No foot traffic, but excellent freeway access.

Premises Details:

Attractive one-story commercial/retail space with ample parking, attractive display area, and administrative offices.

Business Operation

Expansion Potential:

Could expand services into related areas.

Competition / Market:

Home Depot, Friedman's Hardware -Higher quality service

Reasons for selling:

Retiring

Trading hours:

8-5 M-F, 9-4 Sat

Employees:
7 FT 3 PT 2 Owners
Years established:
22

Other Information

Support & training:

Seller will provide training at no cost to qualified buyer.

Financing available:

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

Inventory / Stock value:
$80,000 (USD) - included in the asking price

Contact Information

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