Custom Lighting/Specialty Hardware Store

Cumberland County, ME

Seller Financing Available

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Asking Price:$115,000
Gross Revenue:$189,000
Rent:$2,500/Month
Established Year:1979
Cash Flow:$48,000
Inventory:$50,000
FF&E:$10,000
BUSINESS DESCRIPTION

SELLER RETIRING: For over 40 years, this company has been a staple in the custom lighting and specialty hardware field and the owner is ready to retire. They cater to two separate industries; the first is custom lighting where they manufacture light fixtures (interior and exterior) to customers’ specifications as well as repair/restore antique lighting. The second is specialty decorative hardware including cabinet, kitchen, bath, and door hardware. Their reputation for personalized service for period finish and function to their customers’ exacting needs sets them apart from the competition.

This company can easily be brought back to the million-dollar+ annual sales it used to enjoy as consumers are looking for alternatives to the big box stores, hardware chains, and lumber businesses. They serve both residential and commercial clients.

Perfect for a couple looking to settle in one of the most beautiful areas in the state, or seeking a change from the hectic corporate life, the current owner is willing to stay on at a negotiable fee (can be deducted from the sale price) to impart his wisdom from years of experience in the manufacturing of the light fixtures to ensure a smooth transition. Contact Dirigo Business Group of Maine today to learn more about this opportunity.

COVID-19 UPDATE: This business is continuing to operate and generate revenue. Orders, both wholesale and retail continue to be placed assuring the viability of the company.


DETAILED INFORMATION
Location
Cumberland County, ME
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,000
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
Big box stores can't offer the level of service this store provides.
Growth & Expansion
Online sales through sites like Etsy, etc. haven't been utilized enough. A web-savvy owner can tap into a whole new market.
Support & Training
Seller is willing to stay to get new owner comfortable. Will be available via FaceTime or Skype after that.
Reason for Selling
Retirement
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Michael
Schnur
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Michael Schnur