Details - Information last confirmed on December 1, 2020
Located in Texas, this well-established store offers premier interior and exterior lighting fixtures for residential construction and commercial applications throughout their geographical radius. With a huge influx of new developments in their market, there's plenty of growth opportunities for new ownership. Since opening in 1999, they have developed a reputation for providing excellent service to clients such as residential builders, hotels, duplexes and nursing homes. This 10,000 square foot retail facility features a state-of-the-art showroom complete with displays, in addition to 6,000-sq. ft. of warehouse space. Commercially zoned to handle extra capacity for expansion, the property is available for optional purchase separate of the asking price or alternatively, a lease of $10,000/month. In addition to the owner, the store is staffed by nine nonunion experienced personnel. The buyer can benefit from a smooth transition period, especially since the owner would welcome the opportunity to continue in a sales role. Apart from maintaining a website for self-promotion and strong relationships with builders that account for 75% of their referrals, marketing efforts center on utilizing word-of-mouth sources to acquire new clients. With $896,000 gross profits, 2019 Revenues were $1,953,380 and Seller Discretionary Earnings were $181k, based on an independent valuation.
Includes Equipment value $170,000; Inventory of $623,000 is not included, negotiable at time of sale.
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