“Very skillful in overcoming unexpected challenges.”

Zuhair Qazi
President, Sober Clarity


“Vasilis worked tirelessly to maximize the price of my business and helped protect my interest. ”

Robert Gutierrez
CEO, Brightstar Care Thousand Oaks


“CrossRoads accomplished what two other Brokers before couldn’t. Very professional and skilled in negotiations.”

Jeffrey B. Meltzer
President, Universal Hardwood


“Confidence without ego. impressive knowledge and diverse experience. Solid results quickly.”

Steve Traino
President, Candy Direct, Inc.


“Professional and efficient services with timely information flow.”

George Koutures
President, AMBCO Electronics, Inc.


“An unmatched ability to forge a solid alliance between the parties in a win-win approach.”

Dov Lazarus
President, One Stop Undercar


“Highest professional standards in positioning and promoting the sale of my business.”

Jason Moore
President, Alexis Services, Inc.


“In my 30 years in Commercial Banking, CrossRoads ranks among the best.”

Barry Katz
Vice President, SBA Lending Community Bank


“Finding a Buyer for my size business was like finding a needle in a haystack. CrossRoads did it!”

Tafa Jefferson
CEO Amada Senior Care


“Solid selling process that produced results in a tough market. Highly recommended.”

Kitty Meyers
Owner, Synergy HomeCare Inland Empire


“If there are Buyers out there, the CrossRoads process will find them. They did for my business.”

Dan Goodman
CEO, Eilatan, Inc.


“CrossRoads did an impressive job representing my business. They actually do what they say they will!”

Jack Winn
Owner, Jack Winn Salon


“If you are looking to sell your business, Vasilis Georgiou is the choice: The right knowledge and temperament that get results”

Nayda Poblete
President, Home Instead Costa Mesa


“Very efficient and detail oriented approach. CrossRoads made the transaction smooth and handled every step.”

Lolita L. Cruz
Owner, Comfort Keepers Laguna Niguel


“The service went above and beyond. Made the process stress free”

Kelleen Corfield
Buyer, Comfort Keepers Laguna Niguel


“Smooth sales process and transition. CrossRoads’ extensive knowledge and experience was a great help!”

Jim and Yuko Fletcher
Owners, Home Helpers Senior Care, Laguna Hills, CA


“Mr. Georgiou’s professionalism and calm encouragement made all the difference in the world!”

Kelly Dunn & Nancy Bever
Owners, Caring Matters Home Care


“Thank you for all your diligence and hard work! It would not have happened without you!”

Denis Royer
President, Carpet Club


“Informative, honest, steady, professional, and always supportive. Great Guide.”

Mary and Larry Farmer
Owners, Right at Home of Albuquerque


“Diligent, obviously very experienced. Results-oriented.”

Bruce Sobol
CEO, Brentwood Electrical Contractors


“Vasilis and CrossRoads earned my respect and appreciation and I would recommend him to anyone looking for a Business Broker.”

Dane Gibson
Owner, Amada Senior Care of Roseville


“I'm grateful to have found CrossRoads, and I recommend them wholeheartedly.”

Remy C. Rippens
Owner, Clavel Home Care


“Vasilis Georgiou was the ultimate professional throughout the sale of my business. A+ rating for CrossRoads. And I mean it. :)”

Carol Boettcher
Co-Owner, SpeakerPower, Inc


“Vasilis is a Master of the business sale process. He earned his fee many times over. Best move I could have made.”

Brian Oppegaard
Co-Owner, SpeakerPower, Inc.


“Vasilis “talked me off the ledge” several times along the way with his graceful support. I happily recommend him to anyone who wants to sell their business."

Doug Garrett
President and CEO of Garrett Engineers, Inc.


“We highly recommend CrossRoads and Vasilis. You need an experienced and knowledgeable person to guide you and Vasilis Georgiou is that person!"

Bill and Donna Hoover
Owners, Care4You In Home Care


“CrossRoads made the process very comfortable for us despite making a decision of enormous importance."

Jeff and Reem Hufnagel
HWC Yorba Linda


“CrossRoads worked with efficiency and professionalism and I would highly recommend their service."

Scott Kaeser
EVP, UAS, Buyer of CitiGlobal


“Trustworthy, patient, and responsive. We highly recommend CrossRoads."

Michael and Lori Renaud
Acti-Kare


“CrossRoads is an amazing resource. Highly trusted in complicated situations."

Tarun Bhardwaj
Buyer, Acti-Kare


“Produced results very efficiently and timely. We highly recommend CrossRoads."

Tim Hatamian, CEO
Pacific Lighting & Energy Mgmt. Co.


“I wholeheartedly endorse and recommend Crossroads Business Brokers as the go to brokerage professionals."

Michael S. Robirds, Owner
Amada Senior Care


“Your deal process and handling of the transaction was top rated."

Peter Chen, CEO
EJK Products


“You have been fantastic to work with and I’d recommend you to anyone looking to buy or sell."

James Cote & Patrick Vollmer, Principals
Alternative Molding Concepts


“Thorough and made the experience easy. You were there anytime we needed you."

Bob Purkiss, President
Visiting Angels Lindsay, CA

Top Floor Covering Store in S. CA

Victorville, CA

Price Reduced

Price: $425,000

Cash Flow: $160,000

Total Sales: $2,389,000

EBITDA: N/A

FFE: $30,000

Inventory: N/A *

Year Established: 1988

*not included in asking price.

DESCRIPTION:

Thirty-three-year-old leading commercial and residential floor covering store with a repeat customer list of commercial and residential clients with a niche in the occupied commercial office environment. The Company was founded in 1988, operated by a professional, competent, and highly skilled team of individuals.

The Company serves Southern CA using subcontracted professional installation contractors in extremely sensitive settings, saving both time and money. The Company specializes in occupied office spaces among other areas. Its installers undergo intense background screening so that the Company is able to provide services to clients where security and discretion may be of concern. The Company is licensed, bonded, and insured, and follows vigorous safety protocols.

The Business furnishes and installs many types of floorings such as, but not limited to, carpet, sheet vinyl, vinyl plank, ceramic tile, hardwood, and vinyl composite tile (VCT). There is no project too large or small for this The Company which also offers repair services as well.

The Business operates out of a 5,000sf warehouse and a 5,000sf showroom, works with trained flooring Installers, and partners with numerous flooring manufacturers. 

The Company is highly differentiated and ranks very high among its peers. Its proven track record includes:

  • Over 33 years in business
  • Annual revenue projected to increase year over year
  • Diverse revenue streams
  • The Business has its own in-house labor via subcontractors, who provide project management, labor supervisor as well as support staff, allowing the Company to follow the projects from start to finish. They offer a full year warranty on all labor and the manufacturer’s warranty on all products.
  • The Business has the ability to work on many types of flooring, modular furniture as well as any free-standing furniture. They are a licensed, bonded, and insured and follow vigorous safety protocols.
  • Offers Only the Best Products and Service; Alongside various flooring manufacturers, the Business uses the latest flooring technology for accurate bidding measures and color-coded product placement plans.
  • It has multiple certifications and qualifies as a Small Business Enterprise.
  • Serves an A++ list of corporate clients: Property Management Companies, such as Coldwell Banker/ Lee & Associates. Also, schools, colleges, state and federal buildings, insurance companies, restoration companies, hospitals, and military bases. 

According to IBISWorld, the Floor Covering Stores industry has experienced increasing sales for the majority of the five years to 2021. Professional contractors and homeowners typically purchase industry goods while undergoing residential construction and home renovation projects. The rise in housing starts and remodeling activity during the majority of the period helped increase demand for the industry. In 2020, the COVID-19 (coronavirus) pandemic had a negative effect on the industry due to supply chain disruptions, low consumer spending and declining corporate profit. While the industry was able to partly offset the decline in the first half of 2020 as demand for industry products increased in the second half of 2020, the overall effect of the coronavirus on the industry was negative. However, the industry is expected to rebound in 2021 due to improving economic conditions. Over the five years to 2021, industry revenue is forecast to increase an annualized 2.4% to $24.8 billion, including an increase of 4.9% in 2021 alone. Over the five years to 2026, the growth in consumer spending overall and private spending on home improvements specifically are expected to support industry growth. Due to rising corporate profit and businesses recovering from the coronavirus pandemic, investment in private nonresidential construction is expected to increase, facilitating industry sales. However, the growth of this industry will be limited as competition from home improvement stores continues. Overall, IBISWorld estimates that industry revenue will increase an annualized 1.3% to $26.5 billion over the five years to 2026.

LISTING DETAILS:
Total Sales: $2,389,000
Cash Flow: $160,000
FFE: $30,000
Inventory Included: No
Reason For Sale:

Owner Retirement

OPERATION:
Year Established: 1988
Employees: 8
LOCATION:
Square Footage: 5,000 Warehouse/ 5,000 Showroom
SUMMARY:
Potential Growth:

Excellent growth

For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Vasilis Georgiou

Phone: 949-753-2825
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