Description About This Posting: Carpet And Flooring Store - Long Established
$860,000. Included in sale: $170,00 in net current items which includes working capital of $50,000 in cash, $40,000 in accounts receivable and $80,000 in inventory.
Located in the North Bay of the SF Bay Area. Founded in 1997 and under current ownership since 2004. Circa 80% residential, 20% commercial accounts. No account constitutes more than 10% of sales. Well trained and experienced staff who handle sales, administration, warehousing, and installation. Attractive 11,000 square foot facility with a long-term lease available-five years and an option for additional five years-with fair minded and supportive landlord.
Reason for sale: seller wish to retire. Licenses required: Business and C-15. If buyer does not currently possess the C-15 license, owner will train and stay as RME (Responsible Managing Employee) until buyer can qualify for that C license (Depending on experience 1+ years).
Financing: with 30% down - 260k. Seller will carry a note for balance - 600k - for well qualified buyer. Ten year fully amortization at 7% APR, 120 Monthly payments of $6966.51.
If you would welcome a relocation to a slower life style, this is an opportunity you should not miss.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted.
To get more information about this Carpet And Flooring Store - Long Established business for sale in
North Bay Area please phone Richard Waxman (Broker - BRE License #:00559099) at 415-515-3487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #250636 on BizBen.com. In addition to phoning
Richard Waxman, make sure you email Richard Waxman above to get more info about this
Carpet And Flooring Store - Long Established, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
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