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POPULAR UPSCALE FLOORING AND REMODELING BUSINESS - SC2122


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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
  • Financing: No
  • FFE (Included): $275,000
  • Inventory(Included): N/A

Business Location

  •  Northern California

Business Description

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. Warehouse storage is located 5 minutes from the showroom. The company also has a commercial remodel business that operates out of 1000 sq foot office located between the showroom and warehouse. A large portion of the business directly comes from word-of-mouth, professional referrals and repeat customers. Considering the number of years, they have been in business, they have a large installed base of customer and a superior reputation in market. Marketing in several venues including Google, Yelp, Comcast, social media, and their website supports their reputation. They have an exceptionally trained staff that can assist customers in all facets of flooring, design, and remodeling. The flagship location recently expanded in 2021, and it continues to grow its reach to new consumer markets, as well commercial TI work servicing clients like Holiday Inn, local retirement homes, restaurants, and retailers. Growth will continue through its brand recognition and serving new markets. Geographically this region is experiencing unprecedented growth with Bay Area relocation of both young families and retires.
 
 

Market Outlook/Competition

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”.
 
 

Support & Training

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 mutually agreed upon compensation plan for an extended period.
 
 

Detailed information

  • Year Established: 1986
  • Home-Based: No
  • Franchise: No
  • Relocatable: No
  • Required Licenses: 
  • Is Property Leased: Yes
  • Real Estate Included: No
  • Real Estate Available: N/A
  • Real Estate Value: N/A
  • Part-time Employees: 2
  • Full-time Employees: 6
  • Building Size: 3200sq ft 
  • Monthly Rent: $11,570
     

 

 

CA 02100708
NV 1003039

 
 
 


Listed By: Adriana Sargent

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Background information

Reference:

SC2122

Year established:

1986

Reason 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 mutually agreed upon compensation plan for an extended period.

Operations

Employees:

Part-time Employees: 2 Full-time Employees: 6

Equipment:

FFE (Included): $275,000

Inventory:

N/A

Premises

Facility:

Is Property Leased: Yes Real Estate Included: No

Square footage:

3200sq ft 

Rent and lease terms:

Monthly Rent: $11,570

Location:

Northern California

Opportunities

Growth:

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”.

Market:

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”.

Price and terms

Price:

$2,250,000

Down payment:

$2,250,000

Financing:

N/A

Training:

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.