Business Overview

Well-established seller and installer of quality blinds and shades with an award winning reputation for outstanding customer service. National name brand products include wood & faux wood blinds, vertical blinds, mini blinds, cellular, natural shades, plantation shutters and motorized shades. The business provides complete in home service from measuring to installation. Located in a thriving metropolitan marketplace, the business has produced consistent profitable revenue growth each year.

Started almost three decades ago, the business has a great reputation for offering quality products at a reasonable price. All sales are paid for on a 50% down basis. Products are ordered direct from the manufacturer. Due to the prompt turnaround from the manufacturer, NO INVENTORY IS NEEDED! In addition, even though the business has a convenient 800 square foot showroom for customers, the business can be home based.

The business would be perfect for a husband and wife. The store is open only 10-5 weekdays. The seller will provide a reasonable transition period and is willing to work with the new owner on limited part time basis if desired.

Growth expansion is possible by adding soft treatments, interior design and advertising. Reason for sale is retirement.

Purchase Price: $495,000
Gross Revenues: $610,987
Cash Flow: $ 146,933
Cash Flow Type: SDCF
FF&E: $20,000

Financial

  • Asking Price: $495,000
  • Cash Flow: $146,933
  • Gross Revenue: $610,987
  • EBITDA: N/A
  • FF&E: $20,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Additional Info

The real estate is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the true reason vs the one they say to you may be 2 totally different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be justifications to try to hide the reality of altering demographics, increased competitors, current decrease in profits, or an array of various other reasons. This is why it is extremely important that you not depend totally on a vendor's word, however rather, use the vendor's solution in conjunction with your total due diligence. This will paint an extra sensible image of the business's existing situation.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover things like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that revenue margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be fulfilled or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area bring in new consumers? Many times, businesses have repeat consumers, which develop the core of their day-to-day earnings. Certain factors such as new competitors sprouting up around the location, roadway construction, and staff turnover can affect repeat customers and adversely affect future revenues. One important point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the possibility to construct a returning customer base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the local average home earnings effect future earnings prospects?