Share This Info:  

For Sale: Garage Enhancement Service, Dealership - Marin County


Current Status: Active     Posting #: 259794     Last Refreshed: 7/7/20    
Contact: Phil Holt At 510-523-0232 , 415-565-0232  -  Also Email This Contact Below
Price:  $259,000     Down:  Call     Adjusted Net:  $140,000     Revenue:  $400,000    
Attributes:  Training & Support, Owner Financing     Cooperation With Brokers?  Call
Marin County Garage Enhancement Service, Dealership Business For Sale

  Email Phil Holt Below About This Posting
Your Name:
      Your Email:
      Your Phone:
Your Questions And Message To Phil Holt: 

No Spam
For Best Results & Response, Email & Phone This Contact: Phil Holt at 510-523-0232 and 415-565-0232.

  Description About This Posting: Garage Enhancement Service, Dealership
Garage Enhancement Dealership Covering SF, Marin and San Mateo Counties

FINANCIAL INFORMATION
Asking: $259,000
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)

SUMMARY:
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
Notes
My Posting Notes


  Helpful Resources To Assist In Selling And Buying California Businesses


  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews

Purchase A Business With Limited Cash
Business Purchase Financing Peter Siegel
Know These 8 Factors That Matter
8 Questions When Selling A Business
Business Purchase Financing Cash Flow
SBA Loan Financing Video Podcast


Close
Redwood Escrow Bulk Sale Services
Escrow Services Diane Boudreau-Tschetter
Facebook
Twitter
Linkedin
Vlogs and Podcasts
Elizabeth McGovern McGovern Escrow Services
Redwood Escrow - Janet Carrera
Diane Boudreau-Tschetter California Business Escrow, Inc.
BizBen Blogs And Articles
Advertise On BizBen
Business For Sale California Stats
Instant Email Alerts On BizBen
New Postings Reports On BizBen Sign Up

BizBen - Where California Deals Get Done! 888-212-4747
7172 Regional Street #364 · Dublin, CA. 94568
BizBen · Copyright © 1994 - 2020, All Rights Reserved



Clost Login


Please confirm your registration by clicking the link we've sent to .

If you can't see it, please check your junk mail folder.

If you have any problems registering, or need assistance with your new BizBen User Account please phone BizBen Customer Support at 888-212-4747.



First Name:*
Last Name:*
Email Address:*
Confirm Email:*
Create Password:*
Confirm Password:*
Phone:
(   
 


You Are A:
Individual
 
Intermediary
 

Email Address:
Password:
 

500 New & Refreshed Detailed Postings Daily
Over 2500 Resources Available On BizBen
Since 1994. Where California Deals Get Done!
8 Tough Questions You Most Likely Will Be Asked When Selling Your Busine...
Read More News
Due Diligence Checklist: 10 Key Items To Investigate When Buying Busines...
Read More News