Home Produsts Sales And Installation For Sale - San Francisco, California
Ad/Listing Information
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| Status: |
Off The Market |
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| Location: |
San Francisco |
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| County: |
San Francisco |
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| City: |
San Francisco |
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| Financial Information |
Detailed Information |
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| Price: |
$999,000 |
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| Down: |
$250,000 |
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| Revenue: |
$2.850,000 |
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| Adj. Net: |
$476,000 |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Coop: |
Call |
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| Franchise: |
No |
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| For Sale By Owner: |
No |
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| Asset Sale: |
No |
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| Lifestyle: |
No |
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Description Of This San Francisco Home Produsts Sales And Installation Business For Sale:
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This Well-Known Full Service Carpet, Vinyl, And Molding Cash And Carry Business Has Been Established Since 1985 And Does Both Sales And Installation. Priced At 999,000 With Adjusted Earnings Ranging For 476,000 - 640,000 Over The Last Couple Of Years This Is An Exceptional Opportunity! The Company Has A Strong Customer Base And Reputation Given It Has Been Servicing The Same Customer Base Since 1985. The Current Owner Oversees The Business But On A Part-Time Basis And This Is Ideal For A Full Time Owner With The Current Operations Being Turn-Key.
The Owner Has Made Substantial Improvements And Has Remodeled Their Facilities Over The Last Six Months, Moving Into One Location (The Company Was Located In Two Non –adjacent Buildings Previously) By Leasing The Building Adjacent To The Current Long-Term Location. The Owner Investment Into Remodeling And Upgrading The Current Warehouse/Office/Showrooms Is Paying Off And Having All The Company’s Products Showcased And Merchandised In One Location Can Only Help Improve Sales And Save 11K A Month In Rent.
Over The Last Three Years The Company Has Averaged Betwwen 2,750,000 To 2,850,00o In Sales With Adjusted Earnings Of Between 480,000 - 600,000 +. The Majority Of The Company’s Sales 80% Plus Is Carpet Sales Which Are Broken Down In To Multiple Categories: 1.) High-Margin Installation And Product Sales To Real Estate Management Companies, Homeowners And Apartment Owners, 2) Wholesale To Established Commercial And Residential Contractors 3) Cash And Carry Customers Many Of Which Have Known The Company And Are Repeat Customers. The Owner Has Diversified The Company Over The Last Several Years To Include Kitchen And Vanity Sinks, Kitchen Cabinets, Wood Molding And Other Household Fixtures, Which Is A Clear Growth Area For The Company. The Molding Business Has Increased Over The Last Two Years In Particular.
Growth Opportunities: The Company Historically Did School And Government/Commercial Work And Had Sales In The High 7 Figure Range. The Company Had A Dedicated Outbound Sales Force, Which Drove The Sales Of The Company But The Owner Scaled This Back Due To Several Factors, Not The Least Of Which Deciding Not To Work In The Company Full Time. The Current Sales People Are Long-Term Employees That Are In The Office Taking Orders That Come Into The Company.
The Company Has Established Strong Domestic Vendor/Supplier Relationships With Leading Carpet Manufacturers In The Us And Has Manufacturer Direct Buying And Vendor Relationship. In Addition Over The Last Four Years The Company Hassourced Products Directly From China, Which Can Be A Key Growth Area For The Company. The Imported Products Have Clearly Made A Positive Impact On The Business.
The Company Has A Long Establish Employee Base And Management Duties Are Split Up Between Several Long-Term Employees. The Employees Are Well Trained And Have Been With The Company For An Extended Period Of Time. There Are Four Installation Crews, A Office/General Manager, Sales Manager, Two Warehouse Staff And Addition Staff Ready To Support A New Owner.
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Home Produsts Sales And Installation Business Opportunity For Sale, San Francisco, California, CA | BizBen
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