Sold
Historic Recession Resistant Garage Door Company - SC2086
Historic Recession Resistant Garage Door Company - SC2086
Financial Information
- Asking Price: $180,000
- Gross Revenue: $354,040
- Cash Flow: $92,542
- Down Payment: $135,000
- FF&E (Included): $36,000
- Inventory: $5,000
- Financing: Yes
Business Location
- Sacramento, Confidential, California
Primary Business Category:
This long-established garage door and repair company in Northern California is a Sole Proprietorship and is under the current ownership since inception for the past 26 years. They provide new garage door installation, maintenance, and servicing in Northern California. They purchased in 2003 a long-standing garage door company in Northern California and have kept their number that was in existence for over 20 years prior to the acquisition. They are prominent in many large and high-end residential developments across Northern California and have massive repeat business with little or no marketing involved.
Competition Description
There is competition in the marketplace, but none with such a long tenure and so engrained in neighborhoods across the region.
Growth / Expansion overview
Growth can be obtained by increasing marketing efforts through digital and print media, as well as refreshing the website for a newer updated look. Growth can also be obtained by hiring personnel to expand the number of jobs performed as well as expanding their service territory beyond what they currently serve.
Support / Training Comments
The Seller will not be able to provide training due to medical conditions. The Buyer must be knowledgeable in the garage door industry in order to move forward without training.
Financing Comments
Seller financing is available for up to 25% of the purchase price over a 1-year period at 7% interest. Financing will be dependent on price offered and quality of the Buyer.
Reason For Sale
Seller would like to retire.
- Home Based: No
- Year Established: 1996
- Franchise: No
- Year Acquired: 2003
- Willing to Train: No
- Relocatable: Yes
- Required Licences:
- Is Property Leased: Yes
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Real Estate Asking: N/A
- Days Open: Monday - Sunday
- Hours Open: 8 am to 6 pm
- Fulltime Employees: 1
- Part-time Employees: N/A
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: ON REQUEST
- Building Size: 1000 sq. ft.
- Monthly Rent: $250
- Lease Miscellaneous: Lot for storage of equipment
Broker: ProEquity Asset Management Corporation License ID: 01870526
Listed By: Adriana Sargent
Background information
Reference:
SC2086
Year established:
1996
Reason selling:
Seller would like to retire.
Operations
Employees:
Full-time: Employees: 1 Part-time Employees: N/A
Equipment:
Upon Request
Inventory:
$5,000 Upon Request
Premises
Facility:
Building Size: 1000 sq. ft.
Square footage:
1000 sq. ft.
Rent and lease terms:
Monthly Rent: $250 Lease Miscellaneous: Lot for storage of equipment
Location:
Sacramento, Confidential, California
Opportunities
Growth:
Growth can be obtained by increasing marketing efforts through digital and print media, as well as refreshing the website for a newer updated look. Growth can also be obtained by hiring personnel to expand the number of jobs performed as well as expanding their service territory beyond what they currently serve.
Market:
Growth can be obtained by increasing marketing efforts through digital and print media, as well as refreshing the website for a newer updated look. Growth can also be obtained by hiring personnel to expand the number of jobs performed as well as expanding their service territory beyond what they currently serve.
Price and terms
Price:
$180,000
Down payment:
$135,000
Financing:
Yes, seller financing is available.
Training:
The Seller will not be able to provide training due to medical conditions. The Buyer must be knowledgeable in the garage door industry in order to move forward without training.