Business Overview

Distributor provides a vast selection of unique and customizable products and supplies for both B2B industry buyers and retail customers. Services and products offered from a retail location, direct ship, delivery, and on-site consultations. Supplying the greater Houston area and all of Texas for over 60 years with world-wide supplier connections. Specializes in furnishings for building renovations and new building projects offering design ideas along the way.

Contact Dan Altom with Sunbelt Business Brokers at 281-440-5153 for complete details.

REF ID# N1983-DA

Financial

  • Asking Price: $850,000
  • Cash Flow: $215,000
  • Gross Revenue: $1,400,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,000
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Multi-tenant, 2,000 SF space Leased for $3,666/month + CAM of $680 Lease expires October 31, 2024

Is Support & Training Included:

The Seller will provide training to the Buyer after the sale of the business on a schedule agreed to by both parties to ensure a smooth transition.

Purpose For Selling:

Owner is ready to retire.

Additional Info

The company has 1 FTE / 4 PTE employees and is situated in a building with disclosed square footage of 2,000 sq ft.
The real estate is leased by the company for $3,666 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell businesses. Nevertheless, the real reason vs the one they say to you may be 2 totally different things. For instance, they might claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might just be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in earnings, or an array of other reasons. This is why it is really vital that you not rely totally on a seller's word, however instead, use the vendor's solution along with your overall due diligence. This will repaint a much more reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover items like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that revenue margins are too small. Many businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract brand-new clients? Often times, companies have repeat consumers, which form the core of their daily profits. Specific variables such as new competitors growing up around the location, road building, as well as personnel turnover can affect repeat clients and negatively influence future profits. One important point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the greater the chance to construct a returning customer base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Just how might the regional average household earnings influence future income potential?