$2,250,000.00
Asking Price
Status: Active
Posting ID: 279031
8/12/23
Description
This Northern California remodeling, design, and flooring business is a California S Corporation and was founded in 1986 and under current ownership since 2013. They offer a wide selection of high-quality specialty-engineered hardwood, carpet, tile, and laminate, as well as a vast array of custom surfaces, including granite, quartz, and more. Services provided include flooring installation and remodel construction, granite fabrication, kitchen, and bathroom design and remodeling.
They carry a 5-star review on their website. They operate their showroom in an affluent market in Northern California. Warehouse storage is located 5 minutes from the showroom. The company also has a commercial remodel business that operates out of a 1000 sq foot office located between the showroom and warehouse. A large portion of the business directly comes from word-of-mouth, professional referrals, and repeat customers.
Considering the number of years, they have been in business, they have a large installed base of customers and a superior reputation in the market. Marketing in several venues including Google, Yelp, Comcast, social media, and their website supports their reputation. They have an exceptionally trained staff that can assist customers in all facets of flooring, design, and remodeling. The flagship location recently expanded in 2021, and it continues to grow its reach to new consumer markets, as well as commercial TI work servicing clients like Holiday Inn, local retirement homes, restaurants, and retailers. Growth will continue through its brand recognition and serving new markets. Geographically this region is experiencing unprecedented growth with the Bay Area relocation of both young families and retirees.
While there is competition in the marketplace, this company is preferred due to its proximity to higher-end communities in Northern California. Their 'white glove' style of servicing clients with its focus on quality drives the team and grows every aspect of the business model daily. Its' leader's motto is 'why to do what everyone else can do, let's do what most cannot'.
The seller is willing to provide training at 30 hours per week for 4 weeks for the new owner. The seller is willing to stay on and be in Sales under the new ownership with a mutually agreed-upon compensation plan for an extended period. The seller is selling to have more time with family. The seller is willing to stay on and be in Sales under the new ownership with a mutually agreed-upon compensation plan for an extended period.
Detailed information:
- Year Established: 1986
- Home-Based: No
- Franchise: No
- Relocatable: No
- Required Licenses:
- Is Property Leased: Yes
- Real Estate Included: No
- Real Estate Available: N/A
- Real Estate Value: N/A
- Part-time Employees: 2
- Full-time Employees: 6
- Building Size: 3,200 sq ft.
- Monthly Rent: $11,570
Financial Information:
Asking Price: $1,900,000
Cash Flow: $506,654
Gross Revenue: $7,369,067
Down Payment: $1,900,000
Financing: No
FFE (Included): $275,000
Inventory (Included): N/A
To get more information about this Flooring Remodeling Company - Popular business for sale in Northern California please phone Adriana Sargent (Intermediary - BRE License #:02100708) at 408-981-7799 Call and 408-981-7799 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #279031 on BizBen.com. In addition to phoning Adriana Sargent, make sure you email Adriana Sargent above to get more info about this Flooring Remodeling Company - Popular, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02100708. Sunbelt Business Brokers of Sacramento.
Contact
Details
Asking Price: $2,250,000.00
Down: $2,250,000.00
Cash Flow: $506,654.00
Revenue: $7,369,067.00
Area: Northern California
City: None Given
Attributes:
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