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Asking Price$2,250,000
Revenue$7,590,000 Established1991
Cash Flow$553,000 Employees21 full-time
FF&E$130,000* FranchiseNo
Inventory$649,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
A well respected floor covering supply and installation business, which consistently generates over $7.59 Million in annual sales revenue and over $550K in net profitability is now available.  This business specializes in providing high quality carpeting and flooring covering products and installation services for its clientele in the very high growth new home construction and home remodeling market sectors.
 
Like all similar businesses in California, this company had to cease public operations during the initial period of the Covid19 pandemic. However, since the company resumed operations, sales have been robust as more people are spending more time at home and want to improve their home features. Because of exceptionally heavy demand for this company's products and services, 2020 sales are projected to approximate 2019 despite the pandemic temporary shutdown. This company is located in an area that's now booming in its market sectors with solid continued growth being projected per annum for the next 10 years.  The growth potential for this business is considered exceptional.

Required Licenses: Business

Real Estate Number: 01731143
Competition:The primary competition comes from Home Depot and Lowes, and some limited competition comes from a few smaller companies in the area. However, this company’s well-established, excellent 30-year reputation for offering a wide selection of quality products at fair prices, and having employees with expert knowledge, has yielded a loyal repeat customer base and on-going referrals and separates this company from its competition. Related to this is its affiliate membership in the largest flooring co-op in the flooring industry, which gives this company a pricing/service advantage that its competition cannot match.
Growth Potential:This company has the potential to enter the “Kitchen and Bath” Market with significant support available from the affiliated co-op organization, which would provide this company the opportunity to establish itself as a “one-stop-shop” to the entire Home Improvement Market. These new product lines would be an exceptional expansion opportunity for the new business owner.
Training/Support:Besides the highly competent staff, the Seller will provide a new owner with a reasonable amount of time for training and transition support. In addition, the affiliated co-op provides its members with considerable marketing and product support and access to many other valuable resources.
Seller Financing:The Seller may provide some financing to a well-qualified buyer who provides a substantial down
Sale Reason:Retirement
Ad #121759
Seller Reference #OAKLACA001-N258
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Contact This Seller
Phillip Holt
(510) 523-0232
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