Flooring Store - Semi Absentee Owners

Contra Costa County, CA

Stock Flooring Store#2
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Asking Price: $599,000

Cash Flow: $258,432

Gross Revenue: $2,844,929

EBITDA: N/A

FF&E: $0

Inventory: $15,000

Rent: $7,987 per Month

Established: 1985

Flooring Store - Semi Absentee Owners

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Business Description

This business is a one-stop floor specialist offering carpet, laminate, hardwood, tile, vinyl, and rugs. They are known for friendly, knowledgeable staff that create a satisfying shopping experience. They are located on a busy street in a town that supports independent business. even though they were closed from mid-March through May 2020 sales where within 5% of 2019. The owners live out of the area and operate the business remotely.
SBA pre-qualified

Detailed Information

Location:
Contra Costa County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,840
Lease Expiration:
11/30/2021
Employees:
6FT; 2PT Owners
Facilities:
Two locations: Showroom - 2,840sq ft.; $7,987.50 monthly rent; Lease expire 12/4/2022; Shopping Center; ample parking Warehouse - 4500 sq. ft.; $5,715 monthly rent; Lease expire 11/30/2021; Light industrial complex; ample parking
Competition:
There are a few competitors along with big-box stores. Because of their supplier relationships they can compete with the big box retailers on price. They offer service the big box retailers cannot match. This has led to a community supported business with high referral base.
Growth & Expansion:
To Grow the business focus on sales, target commercial and business clients
Support & Training:
The owners are out of the area and can offer phone support. Their son is local and will stay and work for the new owner for a negotiated amount of time.
Reason for Selling:
The owners semi-retired in 2016 and now want to fully retire.
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Tony Moran, CBI

Business Listed By:
Tony Moran

Business Team

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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