Leading Specialty Floor Coating and Garage Storage Franchise

Folsom, CA (El Dorado County)

Seller Financing Available
Leading Specialty Floor Coating and Garage Storage Franchise
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Asking Price: $400,000

Cash Flow: $240,000

Gross Revenue: $664,000

EBITDA: N/A

FF&E: $11,500

Inventory: $20,000

Rent: $0.30 /Month

Established: 2013

Leading Specialty Floor Coating and Garage Storage Franchise

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Business Description

THE TERRITORY FOR THIS BUSINESS JUST DOUBLED IN SIZE, THIS WEEK. HUGE EXPANSION IN SALES AND PROFITS!

This national brand franchise is the leader in the industry and known throughout America and Canada, and have more than doubled in size in the last couple years. They provide garage flooring and storage systems. This available franchise covers several counties in Northern California and the business is growing every year.

They provide products and service in residential, commercial, and industrial applications:

1. epoxy floor coatings - industrial grade epoxy coatings
2. garage cabinetry and storage racks
3. concrete work, concrete repair, pool decks, etc.

It is the only company of its kind that manufactures its own products. Their coatings, cabinetry and storage racks are backed by a lifetime warranty.

Business includes truck, equipment, inventory, and tools. The financials include a healthy salary for a manager, so this business could be absentee run.

This business will require a C-8, C-15, or B contractor's license. Broker is a specialist in this area. There are several ways to handle the license issue and broker will assist buyer in the process. Also, this is a franchise so buyer must be approved by the franchisor.

Take advantage of an outstanding reputation and a massive territory of 17 area codes - there is ample room to expand this already successful franchise!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owner leases a small space to keep his equipment and inventory. Much of it is kept in the truck.
Competition:
This company has a corner on the market for garage systems and there is very limited competition.
Growth & Expansion:
Huge potential for growth! The territory covers 17 area codes (approximately 500,000 households) and it is barely tapped into. Seller is in process to almost double the size of his territory. This is going to open up a wide path for expansion and increase in business.
Financing:
Possible Seller Financing with Qualified Buyer
Support & Training:
Seller will assist with the transfer and establishing the new owner. Training is required by the franchisor to become a franchisee.
Reason for Selling:
Owner health issues
Franchise:
This business is an established franchise
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Contact the Seller

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Rhett Kniep CBI, CBB

Business Listed By:
Rhett Kniep

Centurion 7 Business Advisors

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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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