Established Flooring Franchise, Large Showroom & Warehouse!

San Francisco County, CA

Seller Financing Available
Established Flooring Franchise, Large Showroom & Warehouse!
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Asking Price: $595,000

Cash Flow: $248,717

Gross Revenue: $3,222,151

EBITDA: $153,585

FF&E: $181,942

Inventory: N/A

Rent: $35,547 /Month

Established: 1963

Established Flooring Franchise, Large Showroom & Warehouse!

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Business Description

Rare opportunity to own a premier location for a top flooring retailer serving the most elegant homes in the community, leveraging long-term relationships with top designers and reaping the benefits of repeat business from third-generation clientele. After more than 50 years in the business, the owner is selling to retire. In recent years, he has employed a Store Manager so that he could run the business mostly absentee. A new owner/operator could step in and potentially increase sales and improve the bottom line. Sales were more than $3.8 million in 2016 when the owner was more active in the business. The business leases a large, beautiful showroom, and the Seller owns a 6,000 sq ft warehouse with office space a few blocks away. The warehouse is available for sale. Although this is a franchise, there are no royalties. The franchisee pays a $6,000 annual fee for the name and to benefit from the volume buying agreements the franchisor has negotiated with more than 130 vendors. About 80 percent of the products sold in the store are private-labeled, which helps maintain high margins. Skilled installation is 100 percent in-house, not subbed out. Growth could come from extending the store operating hours, pursuing commercial accounts (current business is residential only), and/or adding ceramic tile and hardwood.

Detailed Information

Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
12/31/2029
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large showroom in highly visible location and a warehouse with 24-ft ceilings and office space located just a few blocks from the showroom. The showroom is leased but the warehouse is fully owned and is optionally available for sale to the new owner of the business.
Competition:
Very little local competition. There are just two other flooring retailers serving the same market as this business.
Growth & Expansion:
The store used to be open until 9 p.m. but now it closes at 6 p.m. Growth could come from extending the store operating hours, pursuing commercial accounts (current business is residential only), and/or adding ceramic tile and hardwood.
Financing:
Negotiable
Support & Training:
Two weeks of training is included in the purchase price.
Reason for Selling:
Retirement
Franchise:
This business is an established franchise
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Jim Nero

Business Listed By:
Jim Nero

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