Background
| BizEx ID: | BizEx1459-KP |
|---|---|
| General Location: | Bay Area, CA |
| Category: |
Miscellaneous Retail Furniture & Fixtures |
| Years in Business: | 21 |
| Under Present Owner: | 21 |
| Hours of Operation: | M-F 10-5:30 showroom and 8-5 installation |
| Owner Hours: | same as above |
| Training: | 11 weeks @ 20 hours |
| Organization Type: | S-Corp |
| Lease Expiration: | 2027 plus option for 5 year extension |
| Lease Options: | |
| Building Size: | 5,000 showroom and 1,500 outdoor |
| Employees: | 4 |
| Reason for Sale: | Retirement |
Financials
| Asking Price: | $954,000 |
|---|---|
| Down Payment: | $75,000 |
| Gross Sales: | $1,704,000 |
| Discretionary Cash Flow: | $309,537 |
| FF&E: | $60,000 |
| Inventory Included? | Yes |
| Inventory: | $64,000 |
| Min. Operating Capital: | $0-200,000 |
| Real Estate Available? | No |
| Rent: | $10,600 |
| Payroll: | $27,900 |
| Financing: | SBA |
| 2022 | 2023 | 2024 projected | |
|---|---|---|---|
| Gross Sales | $ 1,878,661 | $ 1,723,067 | $ 1,704,764 |
| Gross Profit | $ 847,757 | $ 815,203 | $ 973,340 |
| Disc. Earnings | $ 76,274 | $ 170,127 | $ 309,536 |
Description
This 20 year old niche retail company offers product sales, installation and service. The company sells fireplaces, barbecues and firepits. The company operates out of a high traffic downtown showroom location. The company's customers come from a 30 mile radius from the showroom.
Key points:
- Large product selection
- One stop shopping from design and fabrication to installation and service
- Low working capital requirements
- High traffic downtown location
- Showroom location has excellent demographics with median household income above $174,000 and median home value above $1.8M as of 2022
- Customers pay for product in advance minimizing accounts receivable risk
- SBA pre-qualified
- Ideal buyer is an owner-operator who wants to be active in the business
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
