HIGHLY SUCCESSFUL FLOORING/CARPET CO. - 220K NCI

Not Disclosed, CA

San Francisco-North Bay


Asking Price: Annual Revenue:
$960,000 $2,387,000

Retail: Home Improvement


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RE: HIGHLY SUCCESSFUL FLOORING/CARPET CO. - 220K NCI Broker: Richard Waxman
License #: 00559099
Owner Financing is Available!
Seller will consider seller finance for a qualified buyer with good credit and a significant down payment.

Quick Facts

Asking Price: $960,000
Annual Revenue: $2,387,000
Net Profit: Not Disclosed
Cash Flow: $290,822
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1997
Employees: 7
BBN Listing #: 257835994
Broker Reference #: SF101

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Business Overview:


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 52% residential, 26% commercial and contractors accounts,7% Insurance. No account constitutes more than 10% of sales. Well trained and experienced staff who handle sales, administration, warehousing, and installation. Long term lease available-five years and an option for additional five years-with fair minded and supportive landlord.

Reason for sale: sellers 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 experience-1+ 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 full 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 heathier 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 to receive a confidentiality agreement and learn more about this opportunity.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

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.

Market Competition and Expansion:

Home Depot, Friedman's Hardware -Higher quality service Could expand services into related areas.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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