Flooring & Remodeling Business SC2122 - Popular

Business Overview:

Popular Upscale Flooring And Remodeling Business - SC2122

Financial Information
Asking Price: $2,250,000
Cash Flow: $1,000,000
Gross Revenue: $9,500,000
Down Payment: $2,250,000

This Northern California Remodeling, Design and Flooring Business is a California S Corporation and was founded in 1986 and under current ownership since 2013. They offer a wide selection of high-quality specialty engineered hardwood, carpet, tile and laminate, as well as a vast array of custom surfaces, including granite, quartz and more. Services provided include flooring installation and remodel construction, granite fabrication, kitchen and bathroom design and remodeling. They carry a 5 Star review on their website. They operate their showroom in an affluent market in Northern California. The warehouse storage is located 5 minutes from the showroom. The company also has a commercial remodel business that operates out of a 1,000 square foot office located between the showroom and warehouse.

CA 02100708
NV 1003039

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Property Features and Assets:

Business Location
City: Northern California
State: California

Facilities
They currently operate out of 3,200 square feet and have rent of $11,570 per month including CAM charges. There is 3.5 years left on the lease and there are three 5-year options on the lease. They also have 1,000 square feet office space at $1,500 per month with 1 year left on the lease and a 2 year renewal option.

Detailed information
Year Established: 1986
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: Yes
Full-Time Employees: 6
Part-Time Employees: 2
Contractors: N/A
Owner Worked Hours/w: 40
Adjusted EBITDA: On request
Inventory Included: No
Monthly Rent: $13,070
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 4200
FF&E Included?: Yes
FF&E Value: $275,000

Market Competition and Expansion:

While there is competition in the marketplace, this company is preferred due to their proximity to higher end communities in Northern California. Their “white glove” style of servicing clients with its focus on quality drives the Team and grows every aspect of the business model daily. Its’ leader’s moto is “why do what everyone else can do, let’s do what most cannot”.

Training/Support
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Seller is willing to stay on and be in Sales under the new ownership with a mutually agreed upon compensation plan for an extended period.

Reason for Selling:

Seller is selling to have more time with family. Seller is willing to stay on and be in Sales under the new ownership with a mut

Additional Details:

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