37713 – Great Light Fixture Store with Large Customer Base!
RetailFor Sale in TX
Financial & Assets Details
About the Business
Located in Texas, this well-established store offers premier interior and exterior lighting fixtures for residential construction and commercial applications throughout their geographical radius. With a huge influx of new developments in their market, there's plenty of growth opportunities for new ownership. Since opening in 1999, they have developed a reputation for providing excellent service to clients such as residential builders, hotels, duplexes and nursing homes. This 10,000 square foot retail facility features a state-of-the-art showroom complete with displays, in addition to 6,000-sq. ft. of warehouse space. Commercially zoned to handle extra capacity for expansion, the property is available for optional purchase separate of the asking price or alternatively, a lease of $10,000/month. In addition to the owner, the store is staffed by nine nonunion experienced personnel. The buyer can benefit from a smooth transition period, especially since the owner would welcome the opportunity to continue in a sales role. Apart from maintaining a website for self-promotion and strong relationships with builders that account for 75% of their referrals, marketing efforts center on utilizing word-of-mouth sources to acquire new clients. With $896,000 gross profits, 2019 Revenues were $1,953,380 and Seller Discretionary Earnings were $181k, based on an independent valuation.
Financing can be negotiable for the appropriate buyer.
Facility is available for purchase outside of Asking price. Inquire IAG for details.
Inventory not included, but negotiable at time of sale.
Support & Training
Smooth Owner Transitioning period, continuing under sales role.
Reason for Selling:
Approaching retirement and/or pursuing other interests.
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