Flooring Store  •  $995,000

Location: San Diego County
Seller: Bill Lange
Phone: 858-391-3388

Business Summary
One Of Southern California’s Premier Flooring Businesses, This Company Occupies An Enviable Position In Its Primary Marketplace; Enjoys A Reputation For Exceptional Products And Customer Service; Is Well-Organized, And Very Well-Managed. A High-Visibility, State-Of-The-Art Flooring Showroom Backed With Warehousing And Administration Is Continually Updated To Reflect The Latest Trends In Flooring, And Its Ambiance And Merchandizing Contribute Significantly To The Company’s Success. Product Sales Include Carpet, Wood, Ceramic, Vinyl, And Flooring For Both Residential And Commercial Markets; Installation Of All Flooring Products, Including Moisture Remediation And Negative Air Filtration For Hospitals And ’clean Room’ Environments. The Company’s Owner Has Routinely Upgraded Equipment And The Business Is Managed By A Top-Of-The Line Rfms Computer System That Tracks Jobs, Pricing, Inventory, Accounting, Payroll, And More. Proof Of This Company’s Strength Is It’s Continued Profitability Throughout 2008 And 2009 Y-T-D. The State-Of-The-Art Free-Standing Building That Houses This Business Is Available For Purchase (Estimate Value @ 3.1Million, Value Already Included In Sde Calculation).

Marketing
Creating A Great Reputation In A Community Is The Key Factor In Building Success In The Flooring Business, But Having A Solid Sales Force And A Creative Approach To Advertising Is Also Critical. This Business Has Mastered All Of These Aspects.

Strengths & Opportunities
Exceptionally Strong Referral Base - 65% Of Retail Sales Are Referrals; High Visibility, State-Of-The-Art Showroom; Efficient Warehouse And Logistics Systems (Inventory Turn Is 6.5); Superior Name Recognition; Experienced, Professional Staff Ready To Transition; Top-Of-The-Line Equipment And Tooling; Great Management Tools In Place (Software Systems, Etc.)

Hours & Staffing
Company Employs 52 Full-Time People, Including Installers And Helpers. Hours Are 8:00 A.M. To 5:30 P.M. Monday Through Friday. 9:00 A.M. To 4:00 P.M. Saturday.

Area, Facilities & Equipment
This Business’ Main Facility And Showroom Is Located In One Of San Diego County’s Fastest Growing Communities, And Occupies A Large Multi-Functional Space. This Building Is A 19,000 Square Foot Facility That Includes A Showroom, Administrative Offices, And Warehouse Capability. It Is Centrally Located Along The Inland Corridor, And Has High Visibility To Passing Traffic. The Building Is Available For Lease To New Ownership At Fair Market Rent Or As A Purchase. Estimated Value Is 3.1 Million, And The Required Mortgage Has Been Included In Sde Calculation.

Company History
Founded In 1985 By Its Current Owner, This Business Has Grown Significantly From Its Modest Roots. The Company Continues To Grow Steadily As New Customers Become Aware Of The Company’s Exceptional Customer Service And Product Lines.

Financial Summary
Sab Pre-Approved For Loan That Includes Working Capital. Buyer Needs Good Credit, Relevant Experience And Equity Investment. 2008 Results Are On Par With 2007 - This Company Has Great Strength Even In A Downturn.

Other Comments
This Is A Confidential Business Offering. Prospective Purchasers Are Required To Sign A Non-Disclosure And Confidentiality Agreement And Provide Documentation Of Financial Capability Prior To Receiving Sensitive Information.