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Russ and Pat Lee

I wanted to thank not only Joan for helping me find the best business but also her assistant Patrick. They work as a team, and when Joan’s tied up, Patrick always had answers for me. It’s like having two people working to help you find a business. We appreciate it! Thanks for not letting us get into the food business in Santa Cruz. more...

 

 


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Listing Information
 
Fine Rug Cleaning Business
Listing ID: SB513 Location:  San Francisco Bay Area  
Broker: Amy Cole, Ph:(925) 600-0414
Brief: 30 yrs established, very profitable, highly reputable, repeat clientele
Listed Price: $750,000 including inventory
Total Sales: $775,000 (based on 2007 financials)
Seller's Discretionary Earnings: $360,000 (based on 2007 financials)
Fixtures Furniture, & Equipment: $75,000 (included)
Real Estate: N/A
Inventory: $700,000 (Not included) optional
Financing / Terms: Seller may carry small note for qualified buyer. SBA; 20% down
Business Information
Year Established: 1978
Number of Employees: 8 full-time employees + 1 full-time working owner
Days and Hours of Operation: Mon-Fri: 8 a.m.-5 p.m.; Sat: 10a.m.-3p.m.
Relocatable: No
Franchise Information: N/A
Facilities / Location: ~4500 sq. ft.
Lease Information
Lease Expiration Date: Landlord to offer new lease for qualified buyer
Option: TBD
Monthly Rent: $3,000/month
Additional Information
Reason for Selling: Retirement
Business Description:

This premier, fine rug cleaning business has a highly credible reputation (30+ years) and is centrally located to serve the greater San Francisco Bay Area. As experts in oriental rugs, carpets, textiles, and tapestries, the company specializes in thorough inspection, cleaning, restoration and appraisal services. The owner also owns a small retail rug business next door that he would like to maintain but is willing to sell the inventory if new owner desires.

Known for their long term value, hand-woven oriental rugs need special attention and care, thus creating the constant demand for this service. By gaining access to the extensive database of customers and designers in the area, a new owner will be able to easily transition into the business. The company could also grow with additional advertising, marketing effort and expansion of services.

After dedicating almost 30 years to growing this highly profitable business, the current owners are ready to retire. They are seeking a new owner to whom they can transition their wealth of knowledge and someone who can maintain their excellent reputation.

Sunbelt of the Greater Bay Area
2001 Gateway Place, Suite 230E San Jose, CA 95110 Phone (408) 436-1900 Fax (408) 436-1996
6700 Koll Center Parkway, Suite 130 Pleasanton, CA 94566 Phone: (925) 600-0414 Fax: (925) 369-7270

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