2 Showroom Tile Retailer of Exclusive Brands

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Background

BizEx ID:BizEx1281-TB
General Location:Los Angeles, CA
Category: Bldg Materials, Home & Garden
Miscellaneous Retail
Years in Business:17
Under Present Owner:17
Hours of Operation:7 days 9-5
Owner Hours:5 day 9-5
Training:None
Organization Type:S-Corp
Lease Expiration:2023
Lease Options:Yes
Building Size:17000 sqft and 7000 sqft
Employees:12
Reason for Sale:Retirement

Financials

Asking Price:Call
Down Payment:Negotiable
Gross Sales:$4,264,030
Discretionary Cash Flow:$1,306,719
FF&E:$29,852
Inventory Included?Yes
Inventory:$779,900
Min. Operating Capital:$77,142
Real Estate Available?No
Rent:$34,041
Payroll:$19,986

2017 2018 2019
Gross Sales $ 4,998,597 $ 5,110,522 $ 4,264,030
Gross Profit $ 2,485,018 $ 2,825,416 $ 2,957,311
Disc. Earnings $ 494,583 $ 605,556 $ 1,306,719

Pictures


Description

The Company is a 2 showroom, boutique retailer / design center for tile, stone, quartz slabs, porcelain slabs and natural stone products servicing the  Greater Los Angeles Area.  Clients include local and regional homeowners, contractors and designers.  The Company also wholesales product to retail showrooms in the area and to large distributors such as Dal Tile.

Products are sourced domestically, and exclusive lines are imported from Italy and Spain.  The Company offers fabrication service for countertops/ accessories/ walls/ fireplaces made from natural Stone and Porcelain slabs as value added service.

Both showrooms are in high traffic locations with long term leases.  Staff consists of experienced managers, sales associates, and operations/administrative staff.

 


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Turhan Beriker
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 154
Direct: 310-882-2200 x154
Lic#: 02074377

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations