For Sale: Real Estate Staging Service - Great Reputation - San Mateo County

Current Status: Active     Posting #: 266370     Last Refreshed: 7/19/21    
Real estate staging is booming for the high-priced Silicon Valley Metro market. This 16-year-old, profitable company is a highly-respected interior stager in San Mateo County. They will also design and arrange for minor renovations to enhance a home's appeal. The asking price is $139,900 with $99,900 down the seller will carry the balance for a qualified buyer over 24 monthly payments.

The market served is primarily San Mateo County on the San Francisco Peninsula, an affluent area with consistently active real estate markets demanding high-end staging. Services include staging, design, property preparation, and (sub-contracted) minor renovations. They handle 50-60 engagements per year with additional occasional renovation and/or design work.

Annual sales are in the $180,000 - $230,000 range, with Seller's Discretionary Earnings ('SDE') of about $90,000+ for the owner-operator. Historic financial records are available for the last several fiscal years. Note that this income is derived from the owner working about 24 hours per week herself with occasional assistance from her husband; so, with more owner commitment, the sales could increase by 60% or more and the profit could double. In late Spring 2021, the sales are back to pre-Covid levels.

The business is housed in 3,362 sq. ft. warehouse renting for $4,200 per month (including CAM); a prospective buyer would arrange with the landlord for continued occupancy before becoming committed to a purchase. An additional adjacent 2,000 square feet are also available.

The customer base is comprised of real estate agents who engage services directly or refer sellers to the business. They have at least 16 active customers (real estate agents).

Opportunities for increased growth would be doing stagings on weekends and hiring a 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 the seller estimates would easily exceed $140,000, plus the time and effort to source and acquire them.

The owner is open to a training, transition, and consultation period, depending on the needs and wishes of the new owner and the terms of the transaction.

Price & Transaction. The price is $139,900.00 (subject to negotiation and terms). With $99,900 down, seller will carry the balance over 24 monthly payments. 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, and facility rent deposits. 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.

Exclusive Broker: Tim Cunha DRE#01919755

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.