Building Tile Store

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Business Description

Business is Priced to sell because the owner is burnt out. VERY MOTIVATED SELLER. With the lease expiring in December, the buyer can relocate the business or negotiate a new lease with the landlord. A new, energetic owner with adequate capital for marketing and growing the business is what the business needs. Beautiful Tile Retail store offering some of the most popular tile & glass lines in the flooring industry including Crossville, Porcelanosa, Daltile, Malibu Ceramic Works, Lunada Bay, and Glazzio Tiles. They also carry sealers, cleaners, tools, and setting materials for contractors and installers. The new and larger showroom has a mix of traditional wall and rack display with a design center feel. The displays and interactive media make it easier for clients to locate exactly what fit their needs. The staff have a broad knowledge on interior designs, remodeling and construction needs and provide excellent service to the customers. The customers are loyal and the store enjoys plenty of repeat business. An excellent opportunity for new owner to take the business to greater heights. Sales declined in 2018 due to changes in the marketplace. There was an increased demand for vinyl tiles which the owners did not bring in thus less flooring jobs were performed. Bringing in vinyl tiles such as LVT and LVP would be seamless for a new energetic owner as most of their tile lines manufacturer this type of product. Increase labor was also a factor due to more reliance on employees by owner.

About the Business

Location:
Ventura, California
Year Established:
2002
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
3,000
Rent:
$4,694.00 Per Month
Growth & Expansion:
High growth opportunity as the housing industry is rebounding.
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About the Sale

Reason For Selling:
Health of parter
Training/Support:
Seller will train Buyer

Listing Info

ID:
1215886
Ad Detail Views:
3380
Asking Price:
$75,000

Gross Revenue:
$648,030
Cash Flow:
$68,000
EBITDA:
$53,451
Inventory:
$8,000
included in asking price

FF&E:
$36,000
included in asking price

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Business Listed by

Bonaventure Wakam, CBB, CBI

KHAM INC
License# BRE 01368357

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