Ideally Located Backyard Kitchen Designer & Retailer! (37881)
| Asking Price: | $1,300,000 |
| Gross Revenue: | $1,566,384 |
| FF&E: | $35,598 |
| Cash Flow: | $271,020 |
| Inventory: | $190,000 |
| Established Year: | 2020 |
Situated in a high-growth area of Florida, the business specializes in the design and installation of outdoor kitchens. With several brands and even brand exclusivity, they have a diverse patio furniture collection from flame pits and fireplaces to pool loungers, spa accessories, and chemicals. The revenue breakdown is 90% Residential and 10% Commercial, enjoying exponential growth since inception. Reaching prior projections, Revenues for 2023 were $1,566,384 alongside Discretionary Earnings of $271,020 and sales projections set to climb in 2024! This business is monopolizing in an area with substantial residential development. The company operates from a leased 3,500 square foot retail building that features a showroom, onsite warehousing, plus bathrooms, project staging spaces, and an administrative office. Property holds a quinquennial-renewed rental agreement as well as an optional tenancy for an offsite storage facility of 1,200 sq. ft. As the company has multiple industry awards for their strong command over the trade, potentials exist in taking business further utilizing tactical expansions and optimizations such as increasing developer relationships and marketing efforts. Experienced personnel of five nonunion employees are most likely to stay post-purchase and continue with functions after a smooth transition period of one year. Apart from maintaining a website and social media engagement, advertising efforts center on backing word of mouth referrals from their large and repeating customer base through quality products and superior service.
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