Sold
Absentee Run Profitable Tile and Stone Fabrication and Installation Business - SC2152
ABSENTEE RUN PROFITABLE TILE AND STONE FABRICATION AND INSTALLATION BUSINESS - SC2152
This Northern California based tile and stone fabrication and installation business is a California Sub-Chapter S Corporation that has been in operation for the past 40 years, since 1983, under ownership of the founder. Located in Northern California, they service customers from Silicon Valley to Sacramento, covering everything in between. They perform tile and stone fabrication and installation, carpet, and hardwood installation. Since 1983, they have been providing exceptional flooring, tile, and stone installation throughout Northern California. Throughout this time, they have cultivated strong relationships with general contractors and homeowners in and around the Northern California area. They have worked with wineries, hotels, condominiums, custom homes, subdivisions, pool houses and much more. A C54 contractors license is needed for this business.
Financial Information
- Asking Price $2,800,000
- Cash Flow $1,150,000
- Gross Revenue $10,000,000
- Down Payment $2,800,000
Business Location
- City: Northern California
- State: California
Reason for Sale
- The Seller is selling to enter into retirement.
Detailed information
- Year Established: 1983
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 70
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: 30
- Adjusted EBITDA: $1,050,000
- Inventory Included: Yes
- Inventory Value: $100,000
- Monthly Rent: $14,500
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: On Request
- Building Size: 13000
- FF&E Included: Yes
- FF&E Value: $500,000
Training/Support
- The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training from current owner can be made available at a mutually agreed upon cost to the new Owner.
Market Outlook/Competition
- The U.S. flooring market size was estimated at $20.56 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. The global ceramic and natural stone tiles market size was valued at $362.7 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028.
NV 1003039
Listed By: Myrtel Lapuz
You might also be interested in the following listings
| Picture | Status | Title | Price | Revenue | Profits |
|---|---|---|---|---|---|
 |
Sold | Northern California Flat Glass and Mirror Company - SC2129 | $199,000 |
Background information
Reference:
SC2152
Year established:
1983
Reason selling:
The Seller is selling to enter into retirement.
Finance
Sales:
$10,000,000
Profits:
$1,150,000
Profit type:
Free Cash Flow
Operations
Employees:
Full-Time Employees: 70 Part-Time Employees: N/A Contractors: N/A
Equipment:
FF&E Included: Yes FF&E Value: $500,000
Inventory:
Inventory Included: Yes Inventory Value: $100,000
Furniture fixtures and equipment:
FF&E Included: Yes FF&E Value: $500,000
Premises
Facility:
Monthly Rent: $14,500 Real Estate Available: Yes Real Estate Included: No Real Estate Value: On request Building Size: 13000
Square footage:
13,000
Rent and lease terms:
Monthly Rent: $14,500 Building Size: 13000 sq. ft.
Location:
City: Northern California State: California
Opportunities
Growth:
The U.S. flooring market size is expected to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. The global ceramic and natural stone tiles market size is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028.
Market:
The U.S. flooring market size was estimated at $20.56 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. The global ceramic and natural stone tiles market size was valued at $362.7 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028.
Price and terms
Price:
$2,800,000
Down payment:
$2,800,000
Financing:
No seller financing offered at this time.
Training:
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training from current owner can be made available at a mutually agreed upon cost to the new Owner.