Business Summary:
Kitchen Cabinet Design & Flooring Store - Orange County, CA - “Fire-Sale” Opportunity – Price Significantly Reduced - Seller must sell quickly due to family health emergency!!
Because of its prime location, the 2nd busiest street in Orange County, more than 91,000 vehicles per day pass by this business. It is housed in a retail strip center, immediately off of a major freeway and near large complexes of office and retail buildings. The walk-in/drive-by traffic alone results in several contracts weekly. Since moving into this location at the end of 2006, the business has seen its revenues increase more than 40% from just over $600,000 to almost $900,000 annually. Soon to be neighbors of new residential complex and also new Kaiser Permanente which will result in increased traffic (passerby sales). Immediate neighbors are a high scale window & door company, and a window coverings company which both aid in bringing in home remodeling traffic.
The business offers total design and installation services for complete kitchen and bath remodeling, including everything from prefabricated to custom cabinets, flooring, granite counter tops, cabinet and door hardware, moldings, custom finishes and other accessories. Representing high-quality products this reputable business represents an excellent opportunity for a new owner to build on what the current owner has developed. Much of its business comes from its current customer referral base. Other than intermittent magazine and flyer ads, the owners have not advertised.
The ideal buyer would be a highly motivated customer service driven person or family. Having the skills, passion and energy to grow the business through targeted advertising and by implementing additional products/services that are ready to go will add immediate and significant profitability. With the trained employees that are in place, absentee ownership is also a possibility. This is a great opportunity for someone who is wired for home improvement with the availability of growth potential in the commercial niche.
General Information
Employees: Two-- Monthly payroll of approximately $3580.00.
Landlord willing to negotiate facility lease. Lease cost of $3,663/month + CAMs of $900 for 3,680 Sq. Ft. month-to-month, or at $5,800 + CAMs lease expires in January, 2012 with 1 option to extend for 5 years.
Price Includes: All furniture, fixtures and equipment at $175,000.
Support/Training: Seller will provide training.
Asking Price: $ 216,000 (Huge Recent Reduction)
Gross Revenues: $ 887,000
Seller’s Discretionary Earnings: $ 185,000
For more information on this business opportunity, please contact: Jim Orth at 866-644-9516 or j.orth@sunbeltnetwork.com.
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