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VR Business Brokers - Artesia, CA
17100 Pioneer Blvd, Ste 195
Artesia, CA 90701
(562) 402-2686
www.bizbizbiz.com
stevevrbb@gmail.com
 

VR Business Brokers - Artesia, CA

17100 Pioneer Blvd, Ste 195
Artesia, CA 90701
(562) 402-2686
www.bizbizbiz.com
stevevrbb@gmail.com

Business Listing Details

LISTING#:
01983677SB

H1082: Contractor Services
Flooring Company, Large Commercial Accounts
LOCATION: Orange County
  
ASKING
PRICE

$1,995,000
AMOUNT
DOWN

$1,995,000
REVENUES:
  
$5,088,000
DISCRETIONARY
EARNINGS

$700,000
TOTAL
ASSETS

$450,000
Residential flooring contractor 2019 gross was over $7,500,000 with over $900,000 Sellers Discretionary Earnings (SDE) in 2019.  2020 is doing very well in spite of the Virus due to the nature of its quality of work.  Business specializes in many aspects of construction including stone, wood, resilient, carpet, restoration, custom residential and commercial projects.  29 year owner retiring from the business.  20+ employees.  Contracts with some of the largest commercial projects around.  Price includes  inventory.  Well trained staff includes with over 200 years of combined experience in the field. Two project managers plus the owner plus 2 field foremen. The owner carries a B-1 & a C-15 license and will stay for up to two years.  Seller to keep two personal vehicles along with their leases.  Seller will provide one month free training and will remain on for several more months.  Compensation to be negotiated.
 
Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies.