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May 13, 2020 — Illness forces sale of long-established flooring and cabinetry retailer with strong installation allies has been operating in Southwest San Bernardino County for 23 years. Seller, along with a talented designer have provided products and services to a large database of customers and built a financially stable company in a still growing home improvement field.
All reasonable offers from qualified buyers will be entertained.
At this time, inventory consists mostly of tile flooring. Estimated value (not included) is $27,000. Sales price of inventory, forklift, trucks and racks to be negotiated. Cabinets are ordered in conjunction with client sales.
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Facilities: The Business has operated from a small strip mall in a primarily residential neighborhood for the past year and a half. The 9,000 square foot space rents for $5,760 per month. About half the space is the showroom, the other half is dedicated warehouse. The lease runs through 2023.
Competition: Big Box home improvement stores can offer too many or too little choices and can be overly trendy in the styles offered. The process can be intimidating for seniors or those without experience remodeling kitchens and bathrooms. This is where smaller neighborhood companies find their niche, stepping up customer service and making the process easy.
Growth & Expansion: Home improvement and remodeling is still a lucrative and growing field as older customers remodel prior to selling their homes to downsize and budget-conscious first-time buyers are looking for fixer-uppers to put their own stamp on. Appealing to these clients via targeted advertising campaigns would help spur sales.
Financing: Seller may be willing to carry up to half of the purchase price for a highly-qualified Buyer with a substantial down payment.
Support & Training: As needed to support a smooth transition, then on a consultant basis after an initial 30-day training period.
Reason for Selling: The Seller is finally ready to retire.
Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.