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Details - Information last confirmed on April 15, 2021
Confidential Information Memorandum (CIM) available upon receipt of our short online NDA.
This Company provides high end, beautiful, and modern furnishings and floors for an entire home remodel, complete with design and build services. This one-stop shop for home remodels serves an affluent clientele in the central coast area of California, with a typical client spending $100k - $200k per job. This robust COVID proof Business enjoys steady sales and weathered 2020 very well with a strong rebound in Q1 2021. Talented staff take responsibility for design, sales, and project management, with the owner focusing on general oversight and maintaining a symbolic presence in the showroom. The Seller has created a business that distinguishes itself with its uniquely high level of service and turns clients into raving fans.
The Seller also has another business where he wants to shift his focus, and so he is looking for the right buyer to take what he has built and to grow it to the next level. Confidentiality is a concern for the Seller as he seeks just the right buyer, and so the location information provided in the ad is that of the broker, and not of the Business. Business location and name will be shared once a qualified Buyer prospect is vetted.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by broker.
Facilities: Beautiful 5300 sf retail showroom in an easily accessible area with street visibility, signage, and plenty of parking. Lease extends through 2026. Rent is approx. $9,000 per month.
Also a 5300 sf warehouse space with a lease that extends to the middle of 2026, with a tenant, so net rent is approx. $2500 per month.
Competition: There are companies nearby in this space who offer a part of a home makeover, such as kitchen, bath, floors, furniture, etc. There is no one that offers the full 360-degree solution that this Company does, who is positioned in the high-end retail marketplace. So, while customers have options, the Company stands out with a unique offering.
Growth & Expansion: Add additional lines of business, expand to offer more styles and vendors, add designers and salespeople. A Company that is already in this space has an excellent opportunity to combine capabilities and streamline operations to grow both top line and bottom-line earnings.
Financing: TBD if structure and terms are acceptable.
Support & Training: As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling: Other business interests.
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.