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 |
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.
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.
