White Glove Furniture Delivery serving Southern California

CA (Relocatable)

White Glove Furniture Delivery serving Southern California
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Asking Price: $700,000

Cash Flow: $261,000

Gross Revenue: $1,145,000

EBITDA: $186,000

FF&E: $38,000

Inventory: N/A

Rent: $11,357 /Month

Established: 2001

White Glove Furniture Delivery serving Southern California

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Business Description

Consistent annual revenue growth! Strong reputation and long term relationships with corporate customers. Clean financials.

This company stands out in this industry due to an unwavering focus on meeting and exceeding customer expectations. As a result, many of the customers have utilized the services of this company continuously through its entire 18 year history.

Operating out of an approximate 10,000 square foot facility the company offers warehousing, delivery and installation. This scope of services provides excellent flexibility and value to customers.

The owner has made employee satisfaction and retention a priority. Two of the six employees have been with the company for 15 years; a third has a tenure of 8 years. The owner works approximately 40-45 hours per week and handles customer care issues, job scheduling and maintains the accounting via QuickBooks. The owner's wife works approximately 30 hours per week answering phones.

The company owns 2 trucks; a 2005 GMC 7500 bobtail and a 2006 Chevy Express van. Two additional trucks are leased. Additional equipment owned includes a forklift.

This is an excellent opportunity to own and manage a business in a clean industry with a fun, knowledgeable customer base. Significant growth opportunities are available to a motivated, energetic buyer.

Detailed Information

Included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Stand alone building with large reception area and manager office and high ceiling warehouse area. Secure fenced yard behind building. Building is not in an industrial park; it faces a major street. Area is comprised of "typical" Southern California medium density development. Current lease rate is scheduled to increase 3% to $11,698 per month starting August 1, 2020.
There is a reasonable amount of healthy competition. The majority of customers tend to focus on relationships and service as opposed to pricing. The company's competitive advantage is a flexible and dynamic operating philosophy which allows them to provide profitable services that the competition cannot respond to. The focus on customer needs and satisfaction, and a high attention to detail also provides a competitive advantage.
Growth & Expansion:
Current marketing consists of the company website and word of mouth referrals among customers in the industry. The owner has been selective about the work he accepts. Revenue increases could be realized by accepting customer requests for non-core opportunities still easily within the company's capabilities and expertise, geographical expansion of delivery area, and engaging in direct sales outreach to customers outside of the primary industry served who require services offered by company.
Support & Training:
Seller will offer 2 weeks of training at approximately 30 hours per week after close of escrow.
Reason for Selling:
Relocating out of state.
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Edward Anderson

Business Listed By:
Edward E Anderson

Sunbelt Business Brokers of Los Angeles/Whittier/Fullerton

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Sponsoring Broker:
John J Moser

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