B2B & B2C Light Fixture Retailer with Wholesale! (37930)
| Asking Price: | $300,000 |
| Gross Revenue: | $908,964 |
| Rent: | $3,700/Month |
| FF&E: | $52,537 |
| Cash Flow: | $91,952 |
| Inventory: | $255,700 |
| EBITDA: | $57,063 |
| Established Year: | 1989 |
Situated in South Central Florida, this add-on business offers specialized light fixtures plus a wide range of related products, accessories and repair services; from fans, bulbs, mirrors, lamps & shades to fitting/assortment services and more. The center of operations is a prime retail location measuring 8,000 square feet that includes a state-of-the-art showroom up to 5,600 SF; plus a 2,400 SF backroom for inventory storage and a clerical office. Distanced just a short road-trip away from local tourism, it’s a great place to live. Property is found in excellent, holding an open-ended tenancy of $3,700 per month. Benefiting as a debt-free business, profits have increased in the past four years with growth trends up 13% and Total Revenues of $908,964 in 2022, alongside Discretionary Earnings of $91,952 and an EBITDA of $68,199. A skilled team of four nonunion employees are most likely to remain post-sale and continue owner-involved processes after a smooth seller transitioning period of six months with current managerial roles. With no individual client making more than 4% of the annual income, nor their Top Ten summing over 12.2%, company is flexible for optimizations that carry positive impacts on income, such as new partnerships deals. Featuring major brands with their own catalogs and wish lists, a website cart and looking for exclusive contracts through social media channels like Pinterest could take this to the next level. Boasting high ratings and strong city reputations, the steady sales for 2023 have improved profitability of $115,000 and opportunities exist with sales reps receiving designer networks and promoting in the industry! Besides their maintained website and engagements online, other promotive efforts utilize adverts on newspapers, magazines, and signages, relying mainly on word-of-mouth referrals from a large, repeat consumer base. Though the owners have scaled back over the last few years as family matters require their attention, the business has grown. They are happy to point out low-cost optimizations for the new ownership!
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