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BUSINESS FOR SALE - PROFILE #  01983677SB

Flooring Company, Large Commercial Accounts
Orange County

Asking Price: $1,995,000   Down Payment: $1,995,000  
Gross Revenue: $5,088,000   Adj. Cash Flow*: $700,000  
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Executive Summary
Residential flooring contractor averaging $5,000,000 gross and $700,000 Sellers Discretionary Earnings (SDE) in 2018.  2019 6 months shows $3,800,000 gross already with approx $390,000 SDE!   Business specializes in many aspects of construction including stone, wood, resilient, carpet, restoration, custom residential and commercial projects.  29 year owner retiring from the business.  21 employees.  Contracts with some of the largest commercial projects around.  Price includes  inventory.  Well trained staff includes with over 200 years of combined experience in the field. Two project managers plus the owner plus 2 field foremen. The owner carries a B-1 & a C-15 license and will stay for up to two years.  Seller to keep two personal vehicles along with their leases.  Seller will provide one month free training and will remain on for several more months.  Compensation to be negotiated.  Thru first 3 qtr 2019 sales are $5,881,000! Profit proportional!

Acquisition Highlights

  • Business comes through repeat customers, referrals, and word of mouth. No website! Even though they do not have a website their computer program and the skills of their staff allow them to produce very professional and detailed renderings and estimates that puts them well in front of their competition.
  • Office is opened 5 days per week 8:30 - 4:30. Warehouse is open 7:00 am - 3:00 pm Installation crew works according to job site scheduling. Staff includes two project managers plus the owner who has has a C-15 license. Plus 1 COF/Controller, one Warehouse man, 11 Full time Installers, 2 field foremen.
  • $5,000,000 gross, $700,000 Discretionary Earnings 2018. 1'st 6 months of 2019 the did $390,000 gross. Expenses in adjusted earnings have been lowered to include payments for four vehicles the buyer will need to assume.
  • Specializes in many aspects of construction. Stone, Wood, Resilient, Carpet, Restoration, Custom Residential Projects, Commercial, Retail, Hospitality, and resort projects. Preferred Vendor for many manufacturers, property management companies, and consulting firms.
  • This facility is mainly offices, warehouses, storage, and parking. The do not have a showroom but they do have samples. Headquartered in Orange County but covers all of Southern California.
  • Company was started in 1987 and incorporated under its current entity in 1999. Owner has B1 & C 15 licenses. Actual business started in a 2 stall garage and now occupies a 10,000 sq. ft. office and warehouse facility. Began in residential projects and expanded into commercial, retail, Hospitality, and resort projects.
  • Financing Information:  Seller may accept $1,850,000 if he receives all cash!
  • Training Information:  3 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1990 Inventory: $300,000 Included
Employees: 21 Furniture, Fixtures & Equipment: $250,000 Included
Lease/Rent: $5,000 Real Estate:
Building Sq Ft: 10000
    Total Assets Included in Sale: $550,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  STEVE BENSON
Phone:  (562) 402-2686
Fax:  (562) 809-3398
Other:  (714) 272-1942
E-mail:  stevevrbb@gmail.com
VR Business Brokers - Artesia, CA
17100 Pioneer Blvd, Ste 195
Artesia, CA 90701
www.bizbizbiz.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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