$499,000.00
Asking Price
Status: Active
Posting ID: 283306
11/28/23
Description
This long-established, highly respected real estate staging company serves the always-booming Silicon Valley market. A great reputation, in business for 16 years, a diverse customer base, and efficient operations. Some seller financing may be available for a qualified buyer.
Real estate staging is the most important factor in the effective marketing of upscale homes in the Silicon Valley Metro Area. Founded in 2007, this well-established, 16-year-old, profitable company is one of the most highly respected and sought-after interior stagers in this market. Using their versatile and fashionable furnishings, the experienced designers and stagers serve the exacting requirements of the most prestigious real estate brokers.
The market served is San Mateo County and surrounding parts of the San Francisco Peninsula, affluent areas with consistently active real estate markets demanding high-end staging.
Annual sales range from $550 - $600k, with Seller’s Discretionary Earnings (“SDE”) of well over $100,000 for the owner-operator. The owner provides general management and staff support. While the current owner devotes 40 hours per week to the business, it could be operated on a semi-absentee basis.
Sales for 2022 were $584,000.
The business is housed in a warehouse with offices, two restrooms, a kitchen, and a fenced yard. The current lease expires in August of 2024, but there is a three-year renewal option. The rent is $11,880/month. The seller would work with a prospective buyer to arrange with the landlords for continued occupancy before the buyer becomes committed to a purchase.
The customer base is comprised of real estate agents who engage services directly or refer sellers to the company. They have over 40 active customers, with 20 or more recurring on a frequent basis, and over 100 customers in the database. The company is not dependent on any one broker for any significant part of the business.
Opportunities for increased growth would be doing stagings on weekends and hiring a larger crew to meet the demand that is regularly turned away because the company has reached operational capacity.
The physical assets include an extensive inventory of every kind of furniture, furnishing, and accessory imaginable: sofas, chairs, tables, lamps, rugs, beds, mattresses, pillows, linens, paintings, vases, etc., etc. The cost to replace all these items with articles of similar age and condition would easily exceed the asking price for the business, plus the time and effort to source and acquire them. Nothing is “old” or “tired”; the assets are regularly culled so that only quality pieces are used in staging—something very much appreciated and valued by real estate professionals.
The owner is open to a training, transition, and consultation period, depending on the needs and wishes of the new owner. This could be included in the purchase price, depending on the timing and terms to be negotiated.
Price & Transaction. The asking price is $499,000.00. The seller is open to negotiation depending on timing and terms. Some seller financing may be available for a qualified buyer.
This price is about 85% of annual sales and is less than the owner’s estimated replacement cost of the tangible assets alone. The business is offered as a sale of all the tangible/physical assets of the company, plus the intangible property, including the highly valuable business name, logo, websites, phone numbers, customer data, etc. It does not include accounts receivable, cash on hand, facility rent deposits, and the corporate entity.
The seller will be responsible for all accounts payable through the date of closing. The current owner would be open to a training & transition phase to facilitate a smooth transfer to new ownership.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the Business.
To get more information about this Real Estate Staging Company - Long Established business for sale in San Mateo County please phone Tim Cunha (Intermediary, Resource, Broker - BRE License #:01919755) at 650-600-3751 and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #283306 on BizBen.com. In addition to phoning Tim Cunha, make sure you email Tim Cunha above to get more info about this Real Estate Staging Company - Long Established, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01919755. EvergreenGold Business Advisors.
Contact
Details
Asking Price: $499,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $584,000.00
Area: San Mateo County
City: None Given
Attributes:
My Notes About This Listing
Cash flow
TBD
Revenue
TBD
Down
Call / Email
Posting: 282550 | Available | 12/1/23
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Revenue
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Down
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Revenue
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Down
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Cash flow
$281,000
Revenue
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Down
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Cash flow
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Revenue
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Down
Call / Email
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Cash flow
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Revenue
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Down
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Posting: 283343 | Available | 11/28/23
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Min Liquid Cash
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Net Worth
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Cash flow
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Revenue
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Down
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Cash flow
$210,000
Revenue
$600,000
Down
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Asking Price
$349,999
Cash flow
N/A
Revenue
N/A
Down
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Down
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Down
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Asking Price
$595,000
Cash flow
$180,000
Revenue
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Down
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Posting: 274482 | Available | 12/4/23
Top brand blinds, shades, shutters, etc retail. Easy to operate profitable and potential business even without advertisements more sales with advertising & marketing. Ideal location on a high-traffic major street and the hub of Silicon Valley. Increasing sales yearly with many repeat customers.
Asking Price
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