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For Sale: Carpet And Flooring Store - Long Established - North Bay Area

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Current Status: Active     Posting #: 250636     Last Refreshed: 6/19/19     BRE License #: 00559099    
Contact: Richard Waxman At 415-515-3487  -  Also Email This Contact Below
Price:  $860,000     Down:  $260,000     Adjusted Net:  $290,822     Revenue:  $2,387,000    
Attributes:  Training & Support, Owner Financing     Cooperation With Brokers?  Yes

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  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.

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  Helpful Resources To Assist In Selling And Buying California Businesses

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

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.

Janet Carrera - Escrow & Bulk Sale Services - SF Bay Area

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.

Elizabeth McGovern: Escrow Services - SF Bay Area

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.

Joe Sandbank, Esq. - Legal Services

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.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services

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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