Description About This Posting: Garage Enhancement Service, Dealership
Garage Enhancement Dealership Covering SF, Marin and San Mateo Counties
Annual Gross Revenue: $400,000
Annual Net Cash Flow: 140,000
Furniture, Fixtures & Equipment: $36,000 (included in price)
Inventory: $20,000 (included in price)
Despite the pandemic the phones at this business, Golden Gate Garage Storage, have kept ringing, orders are being placed and the backlog of projects to be done keeps growing. They currently have two months of orders waiting to be installed.
The seller has just added a showroom and larger warehouse space. This showroom allows potential customers to see and feel these very impressive garage enhancement products and should grow sales revenue significantly. And the warehouse includes capacity to park a second truck to facilitate a second install crew.
Garage Enhancement is the fastest growing and one of the highest margin home improvement verticals in the country. This business is an exclusive dealer for Gorgeous Garages, America's leading distributor of garage storage solutions, with the only patented wall-mounted rack system with shelving. Business activities for its dealers consist of sales and installation of the high quality, very durable (backed by a lifetime warranty) Shelf/Rack System, Overhead Racks, Cabinets and beautiful, industrial-grade, Polyurea full-broadcast floor coating. The seller has exclusive rights to market these garage enhancement products in San Francisco, Marin and northern San Mateo counties.
Currently almost all sales come through the internet and those expenses are already covered by Gorgeous Garages, the parent distribution company.
A general contractor's license will be needed to own the business, but in the short run a Responsible Managing Officer (RMO) or Responsible Managing Employee (RME) can be arranged while buyer works toward the license.
One of the pluses of working in a garage environment is you can work through all seasons and weather.
Location: San Francisco North Bay Area
Facilities: Golden Gate Garage Storage moved into its new office, showroom and warehouse in May, 2020. The new location has storefront glass and a beautiful new showroom ( by appointment only) with all the products, including three different colors of the floors in separate rooms. The new warehouse is longer so there is room for 2 trucks. So a new owner can add another installation crew and a new truck. There also is new signage in front facing a busy road going to Home Depot, Target and the Honda and BMW dealerships.
Gorgeous Garages is recommending all dealers doing $500K per year or above to have a showroom ( by appointment only), so this works out perfectly at this company's current stage of growth.
Competition: There are other similar businesses in the market and they are maxed out with the demand in the region. But this business owns exclusive dealership rights for the only patented Shelf/Rack Storage System for Marin, San Francisco and Northern San Mateo Counties. This product is the best and most affordable system on the market. Marketing this product usually results in orders for the other high quality garage enhancement products offered by this business.
Growth and Expansion: Garage enhancement is the fastest growing home improvement project in the nation. The 2 current owners work Wednesday through Friday only as a lifestyle choice. They turn away some business but still easily managed to generate $140,000 in pre-tax annual profit in 2019. As noted the new office, showroom and warehouse space will allow for more room to grow and sell. Other adjacent Bay Area territories may be available for further expansion. This small business has lots of opportunities for growth.
Support/Training: The seller will provide up to 2 weeks, 20 hours per week, of training and introductions to further ensure a smooth transfer of ownership. The distributor, Gorgeous Garage, provides its dealers with continued training, support and marketing. Seller is also willing to stay on as a salesperson/bidder on commission.
Reason for Sale: Semi-retirement
Year Established: 2015
Employees: Three part-time
Financing: The seller may provide some financing for a well-qualified buyer with a substantial down payment.
To get more information about this Garage Enhancement Service, Dealership business for sale in
Marin County please phone Phil Holt (Broker - BRE License #:01731143) at 510-523-0232 and 415-565-0232 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #259794 on BizBen.com. In addition to phoning
Phil Holt, make sure you email Phil Holt above to get more info about this
Garage Enhancement Service, Dealership, to ask any questions or request an appointment to see this
business for sale. Thank you.
Related Links And Information Regarding This Posting
Niche business purchase financing advisory and loan placement services with SBA and Non-SBA Financing, Retirement Fund Rollover Solutions, Combo Financing Packages. To get professionally pre-qualified or more information on the ProBuy/ProSell Programs: 925-785-3118.
Founder Of BizBen.com (since 1994). I am the Lead Advisor for the ProSell, ProBuy, & ProIntermediary Programs. I consult daily with buyers, sellers, and brokers daily about buying and selling California small to mid-sized businesses. Call 925-785-3118.
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.
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.
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.
Lee Petsas has been selling businesses with UBI Business Brokers in Southern CA since 1981. In 1999 he became the Owner and Broker for UBI. He has been approved multiple times by Courts as an Expert Witness in the area of Business Valuations.
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