Description

This long-established, respected real estate home "staging" company enjoys a steady loyal clientele of professional residential sales agents and brokers, throughout the Bay Area. Some of the most successful real estate agents in the country are among their clients.
The company maintains an enormous inventory of furniture, artwork, linens, vases, 'chachkas,' and other accessories to "stage" vacant homes listed for sale during the open house and through the listing period. So much inventory it currently fills 20,000 square feet of warehouse space! Plus the contents of the more than 20 homes that are staged at any one time.
It can be owner-managed or run on a semi-absentee basis. Key personnel know the business is for sale and are interested in staying for an extended transition period ... and beyond.
Under the same owner-management for many years, this turn-key design and staging service is fully-staffed with long-time trained personnel who are all expected to stay at the option of the new owner. The owners are well past retirement age and have decided it's time to spend time with family.
Facilities & Lease: The business is in leased warehouse premises in San Mateo, CA (San Mateo County). The current rental is month-to-month and the new owner can consolidate the inventory into a warehouse of approximately 10 15,000 square feet. Location is not important, so the least expensive rental facilities can be utilized.
Financial Information: The Seller reports sales of approximately $370,000 per year with a Seller's Discretionary Earnings (SDE/net cash flow) of $120,000. Very detailed financial data will be provided to a serious buyer after meeting with the seller and broker.
Training. The seller will provide a reasonable transition period and extensive training for the new owner. And, key personnel are very interested in staying on with a new owner
The Transaction: The deal structure will be an asset sale. The owner would agree to stay for a reasonable transition time at buyer's option, and possibly longer on a part-time basis. The asking price is $399,000 including thousands of pieces of inventory; this includes all assets, including the physical assets, trucks, equipment, good will, name, customer records, web domain name, etc., but excluding accounts receivable, accounts payable, and cash on hand. Some seller financing may be available for a qualified buyer.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by Broker as to accuracy. Broker has made no independent verification of the data contained herein. Buyer is advised to perform its own independent due diligence and seek the advice of professionals prior to purchasing the Business.
Monthly Sales Figures and Furniture, Fixtures, & Equipment ('FF&E') list are available upon in-person consultation with the owner & broker.

Financial Summary

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