UNIQUE, SPECIALIZED, KITCHEN/BATH REMODELING FRANCHISE
FINANCIAL INFORMATION
Asking:$ 1,998,500
Annual Gross Revenue: $ 5,616,931
Annual Net Cash Flow: $ 751,800
Furniture, Fixtures & Equipment: $ 157,800 (included in the price)
Inventory: $ 50,000 (included in the price)
GENERAL INFORMATION
Summary: This very successful company is part of a well-established international franchise network that has developed a unique system and revolutionary products for remodeling and resurfacing of counters and cabinets of residential and commercial kitchens and baths, providing superior quality surfaces. By using a much simpler process than traditional remodelers, this franchise completes such projects in significantly less time and at lower costs.
The Company is this Franchisor’s most successful Franchisee in the US, is consistently profitable, serves an average of about 750 customers per year and is a dominant force in its market place. The Franchisor provides its unique engineered products exclusively to its Franchisees and supports them with systems training and administrative software. This is an outstanding acquisition opportunity for an owner who wants a well-established, systemized, turn-key business with steady, strong cash flow and great franchisor support.
Locations: The Company has 2 facilities with showroom and shop, and 4 marketing kiosks in major malls, all in the
San Francisco North and East Bay Areas.
Facilities: One leased facility is 7,200 sq. ft. in an industrial building and consists of a showroom, office and shop. The other one is a leased showroom and office of 2,400 sq. ft. and has a 1,000 sq. ft. warehouse.
Growth:An energetic new owner will find exceptional opportunities for growth. The current owner has not aggressively pursued commercial customers. Recent major fires in the region have resulted in a construction boom and consumer tastes are trending toward the type of engineered surfaces provided by the Company. Also, adjacent franchise territories are available from the Franchisor for expansion, such as the high-potential Peninsula and South Bay Areas, not to mention San Francisco itself.
Competition:This Company has the exclusive rights to the unique products and installation system developed by the Franchisor and its installation system reduces the cost, time and mess characteristic of the work of competitors. The nearest competition comes from “big box” retailers that cannot match the personal contact, accountability and flexibility of this small business operation that offers this unique, exclusive product array and installation process.
Support:Subject to negotiation, the Seller will provide orientation, training, introductions and assignments, as may be required for the business’ successful transition to the new ownership. A buyer of this Company must go through the same excellent training as a new franchisee. This includes three weeks of general, sales and technical training at the Franchisor’s corporate offices in Florida.
For ongoing support the Franchisor assigns support team members that specialize in kitchens, bathrooms and the franchise’s proprietary computer system.
Established:The Seller established this business in 2006.
Sale Reason:The Seller is retiring.
Financing:Seller will provide some financing to a well-qualified buyer with a substantial down payment.
Employees:The Company operates with a staff of 18 full-time and 2 part-time employees. Most have been with the Company for long periods of time. They are highly competent and reliable and likely to remain after transition of the Company to new ownership.
CONTACT INFORMATION
Broker: Sunbelt Business Sales & Acquisitions
Agent:Octaviano Tavizon
Telephone:707-334-9777
Email: