40 Year Old Home Decorating Business For Sale in Fort Myers, FL

Fort Myers, FL

Seller Financing Available

listing image
Asking Price:$699,999
Established Year:1984
Cash Flow:$328,460
BUSINESS DESCRIPTION

Fort Myers, FL

40 Year Old Home Decorating Business For Sale in Fort Myers, FL

Asking Price: $699,999

Annual Figures: 2023
Gross Sales: $634,739
Net Profit: $328,460

Expenses: 2023
Total COGS: $230,102

Business Highlights:
- In business for 40 years
- Services mainly Ft Myers, Naples, Marco Island. High end residential clients
- Projected to do $750,000 in 2024
- Perfect for someone that is in this industry and wants to takeover these repeat accounts
- Does not have physical location. Works from home.
- They have 3 employees and 1 office personnel, but only 1 employee would come with the business. She is a seamstress (35-40 hours a week at $20 an hour)
- Custom home furnishings (Drapes, blinds, bedding, pillows). They do the fabrication.
- Mostly repeat customers and referrals. Some business comes from website and Google
- Retail 25% and wholesale 75% sales
- Busy all year long. No slow season
- 2021 Van could be included in the sale (worth 50K)
- 10 machines will come with the sale (100K value)
- Fully approved by SBA lender
- Owner will stay on for a transition period to ensure a smooth transition
- Some seller financing is available
- Reason for the sale: Owner is retiring

2023 Addbacks:
= $186,387

NOI: $142,073
+ addbacks ($186,387)
= True Net Income $328,460
Roughly around $100,000 cash for 2023 (Used for employee pay)


2022 Addbacks:
= $204,105

NOI: $90,729
+ addbacks ($204,105) - rental income ($10,985)
= True Net Income $283,849
Roughly around $100,000 cash for 2023 (Used for employee pay)


DETAILED INFORMATION
Location
Fort Myers, FL
Inventory
Not Included in asking price
Employees
1
Facilities
This is a home based business. There isn't a retail store. Comes with 10 machines and can include a new van valued at $50,000
Competition
This business continues to grow each year with new wholesalers and retail customers.
Growth & Expansion
This business is perfect for someone that wants to add an additional 600K-700K in sales to their existing business or an independent home decorator that wants to take on this book of business. The seller did not want to get any bigger but there is plenty of growth opportunity.
Financing
SBA Approved
Support & Training
Owner is willing to stay on to help transition. She will ensure her decorators, that she has been working with for 20+ years, will be continued clients of the new buyer.
Reason for Selling
Seller is retiring.
Home-Based
This business is Home-Based
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Matt Millsaps
Matt Millsaps