Flooring Materials and Supplies Store Listing ID: 4141 Location: Los Angeles, California
Brief: This "turnkey" operation won''t last long!
Listed Price: $250,000
Total Revenue: $295,000
Seller's Discretionary Earnings: $85,000
Fixtures Furniture, & Equipment: $50,000
Real Estate: N/A
Inventory: $90,000
Financing / Terms: Partial seller financing for qualified buyer.
Business Information
Year Established: End of 2005
Number of Employees: 1
Days and Hours of Operation: M-Fri, 7-5 & Sun, 12-4
Relocatable: No
Franchise Information: N/A
Facilities / Location: Seller owns building on major boulevard in Los Angeles and shall provide buyer with new lease on favorable terms. Seller recently made substantial tenant improvements to retrofit building to suite business operation which will benefit new owner.
Lease Information
Lease Expiration Date: Owner to provide new lease to buyer.
Option: Owner to provide new lease to buyer.
Monthly Rent: $5,500
Additional Information
Reason for Selling: Seller relocating out of country.
Business Description: This business is a wholesaler and retailer of tile and other flooring products, including other hard surface (hardwood floors) materials and carpet, to contractors (60 percent) and homeowners (40 percent). The store offers a vast selection of tile product, tools and setting materials and is quickly becoming known as a "One Stop Shop." The store is clean and very well organized and easy to operate, employing state-of-the art systems, including bar code scanning for inventory control and advanced security and monitoring systems. All of the installations to the retail homeowner are subcontracted to a handful of contractors who purchase product from the store. Reason for sale: This is a new business (established at the end of 2005) which is quickly "Catching Fire." For personal reasons, the seller has been forced to relocate his family out of the country and wishes to join them on a permanent basis. The business Is currently being operated by a full-time employee who the owner supervises on a part-time basis. The business is priced to sell and includes all inventory (approx. $90,000) and substantial furniture, fixtures and equipment, including truck (approx. $50,000). The seller is highly motivated and is willing to provide some financing to a qualified buyer.
Potential for Growth: Currently, the owner is traveling back and forth in and out of the country and has been unable to focus his attention on growing the business which offers huge potential.
