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37713 – Great Light Fixture Store with Large Customer Base!

RetailFor Sale in TX

Financial & Assets Details

$1,953,380
$181,000
$170,000
$623,000
Yes
10000+/-

About the Business

1999
9 nonunion
$10,000
Yes

Business Description

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.

Seller Financing

Financing can be negotiable for the appropriate buyer.

Location Details:

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.

Listing ID: 37713 - Great Light Fixture Store with Large Customer Base!

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