Contact: Tim Cunha At 650-600-3751 , 844-237-6487 - Also Email This Contact Below
Asking Price: $189,900 Down Payment: $38,000
Annual SDC: $140,000
Annual Gross: $225,000
Business Address: 193 East Airway Bloulevard City: None Given Zip: 94551
Attributes: Broker-Broker Coop, Training & Support, Owner Financing
Real Estate Staging Alameda County Neje Interiors
The most important factor in effective marketing of upscale homes in the San Francisco Bay Area is stylish, sophisticated real estate staging. Neje Interiors, in Livermore, CA, is a profitable 4-year-old business that offers real estate professionals and home sellers versatile avant-garde furnishings and accessories to enhance the presentation of upscale homes.
The market served is primarily southern Alameda County in the San Francisco Bay/San Jose Metro Area, an affluent area with consistently active real estate markets demanding high-end staging.
Annual sales are in the $225,000 range, with Seller's Discretionary Earnings ('SDE') of $140,000 for the two half-time owners (equivalent to one owner-operator).
Sales for 2018, 2019, and 2020 were consistently in the $220,000 to $225,000 range.
The two owners operate the business themselves with no staff, just contract movers on an as needed basis. Their expenses are simple and few: warehouse rent $4,400/month, truck costs $700/month, mover services $1,000/month, and insurance $500/year.
The customer base is comprised of real estate agents who engage services directly or refer sellers to the business. The current real estate agent customers are expected to continue using the company's services.
Opportunities for increased growth would be doing stagings on weekends and hiring a larger crew to meet the demand that cannot be served by just two half-time owners..
The physical assets include an extensive inventory of every kind of furniture, furnishing, and accessory imaginable: sofas, chairs, tables, lamps, rugs, beds, mattresses, pillows, linens, paintings, vases, etc., etc. The cost to replace all these items with articles of similar age and condition would easily exceed the asking price for the business, plus the time and effort to source and acquire them. Nothing is 'old' or 'tired'; the assets are regularly culled so that only the best is used in staging something very much appreciated and valued by real estate professionals.
The owner is open to a training, transition, and consultation period, depending on the needs and wishes of the new owner and the terms of the transaction.
Price & Transaction. The asking price is $189,900.00 (subject to negotiation and terms). This price is 1.36x annual SDE, 84% gross annual sales, and far less than the replacement cost of the tangible assets alone. The business is offered as a sale of all the tangible/physical assets of the company, plus the intangible property, including the highly-valuable business name, logo, websites, phone numbers, customer data, etc. It does not include accounts receivable, cash on hand, and facility rent deposits. The seller will be responsible for all accounts payable through the date of closing. The current owner would be open to a training & transition phase to facilitate a smooth transfer to new ownership.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the Business.
To get more information about this Real Estate Staging Service - High Cash Flow business for sale in
San Jose Metro Area please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #267145 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Real Estate Staging Service - High Cash Flow, to ask any questions or request an appointment to see this
business for sale. Thank you.