Very successful lighting and ceiling fan store in Central Florida.

Florida
Showroom
Asking Price:$4,850,000
Inventory:$900,000
FF&E:$250,000
Established Year:1977
Gross Revenue:$3,100,000
EBITDA:$780,000
Real Estate:$1,700,000
BUSINESS DESCRIPTION

One of Florida’s most successful marketers of retail and wholesale light fixtures and ceiling fans. The store’s impressive sales volume is created by a busy walk-in retail trade, many new home builders and remodeling professionals and non-residential contractors.
The business has continuously operated for over four decades with a very seasoned professional design-sales staff, fixture repairs department and installation crew.
The company represents all the major lighting fixtures companies, popular ceiling fan manufacturers, necessary electrical accessories components and a thoroughly filled catalog design library for consultations.
Customers are always amazed with their first walk around of the thousands of square feet of display showroom and very impressed with the hundreds of fixture samples.
You, as a buyer, from day one after your purchase of this business, will be extremely comfortable and impressed with the seller's organization’s autonomous production of daily business in the showroom, office and in the warehouse services.
The building, $1,700,000, recently appraised, will be sold with the business entity.
The accounts receivable will also be included in the selling price at the closing.
Let the business intermediaries of MarketPoint Advisors guide you through the acquisition processes.


DETAILED INFORMATION
Location
Florida
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
9,000
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The showroom and warehouse, main structure, is masonry building of split face block and stucco,7,600 s/f. This building was constructed in 1984 and designed for the seller's lighting fixture store business. Additionally, there is another masonry building, 1300 s/f and two metal storage sheds of a total of 950 s/f. The delivery and service fleet vehicles are very new and have professionally applied designed artwork. The storage/warehouse areas have high bay storage shelving which handle the one million dollars of inventory.
Competition
The simple answer is Florida is all about grow, grow, and grow. The company is located in a hot community for both new construction and major remodeling of residence and commercial properties. The competitions' stores don't have the expanded showrooms, staff, certified lighting designers to attract the new home customers. Secondarily, the competition companies do not have the historical working connections with the major home builders.
Growth & Expansion
There is one very quick generator of increase sales is to offer credit card sales. Secondly, important, is offer internet sales and shipping.
Financing
SBA Banks will assist you in this purchase, because of good debt service debt ratio.
Support & Training
The Seller will be available for assistance for a professional administrative transition. The staff is prepared to handle the daily production of sales, service and designing, because most are tenured with over five years with the company. The seller will be directly responsible to introduce the buyer to all the major builder customers.
Reason for Selling
Because the seller can financially retire and comfortably relax!
Report an Issue with this listing
profile-img
AJohn
Richwine
logo-img
AJohn Richwine