Lampshades and Lighting to the Interior Design Trade with $185K SDE
| Asking Price: | $825,000 |
| Gross Revenue: | $1,179,557 |
| Rent: | $10,580/Month |
| Established Year: | 1995 |
| Cash Flow: | $186,333 |
| Inventory: | $244,000 |
| FF&E: | $5,000 |
Decorative Accessories to the Interior Design Trade with $185K SDE
OVERVIEW: Since 1995 this shop has been selling lampshades and lighting to the Interior Design trade. The products are high end, and many are exclusive to this shop. Seventy percent of the revenue is from stock items while thirty percent are custom items. Sixty five percent of the clients are in Georgia with the remainder from around the Country. There are 2,500+ clients in their database, while 700+ clients purchased products in 2023. The business has a very strong Social Media presence with 12,000+ followers on Instagram. There are 2,000+ email addresses that receive a monthly newsletter. Ninety percent of the clients are designers while the remaining ten percent is the retail public. There are 2 FT employees and 1 PT employee in addition to the owner. The business must be relocated from its current location no later than April 30th, 2025. The seller has leased a new location within very close proximity to the current location. The move to the new location will reduce annual overhead by approximately $30,000.00 per year. The projected SDE for the year ending 2024 is expected to approach $225K. The seller is willing to provide a mutually agreed upon training and transition period.
