Well Established Window Treatment Company

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Business Description

This Company is a leading provider of commercial window covering solutions throughout California specializing in manual and motorized blinds and shades installation for exterior and interior applications. Since 1989, the Company has built a strong name in the industry and has worked with every major general contractors and architects in the area. In addition, the Company offers the supply and installation stage draperies and light rigging, draperies for schools and offices, projection screens and mounts and cubical curtains for commercial applications. The Company is well-known for its knowledge in the industry and quality workmanship throughout Northern and Southern California.

2018 Revenues $2.12 mm, Discretionary Cash Flow $1,037,000
2017 Revenues $1.86 mm, Discretionary Cash Flow $593,000
2016 Revenues $1.86 mm, Discretionary Cash Flow $769,000
2015 Revenues $1.93 mm, Discretionary Cash Flow $698,000

The dip in discretionary cash-flow was due to a health issue of the owner.

About the Business

Location:
San Diego, California
Year Established:
1989
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
1,430
Rent:
$2,145.00 Per Month
Lease Expiration:
3/18/2020
Facilities:
The Company operates out of a leased 1,430-sq building and is zoned for general office and warehouse. The lease term commenced on March 1, 2018 and is for 24-months with a monthly base rent of $2,145 NNN. The base monthly rent shall be increased annually by a fixed rate of 4%.
Market Outlook/
Competition:
The market for this company's service is steadily growing as the commercial real estate market is booming according to a new report from Coldwell Banker Commercial. This company can increase sales by bidding on more projects.
Growth & Expansion:
With additional sales help the company can take advantage of more bidding opportunities. Further, the company can expand into different geographical areas, and include service to residential window treatments. The company is in the process of hiring a sales person. With additional sales help the business can go after many more opportunities that are available.
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About the Sale

Reason For Selling:
Health
Training/Support:
The owner will provide sufficient training and transition for a buyer
Seller Financing:
Partial to qualified buyer

Listing Info

ID:
1537618
Ad Detail Views:
776
Asking Price:
$3,000,000

Gross Revenue:
$2,100,000
Cash Flow:
$1,037,000
EBITDA:
$837,000
Inventory:
 Not Disclosed
included in asking price

FF&E:
$15,000
included in asking price

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Business Listed by

Tim McDonald, M&AMI, CEPA, ASA

The Leland Group
License# 01223866

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U.S. Census Data for San Diego County, CA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for San Diego County, CA
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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