Business Overview

This is a successful and well-established premier lighting sales and design business providing high-end quality products and professional design services for residential and commercial clients. The company operates out of a beautiful space, professionally built with an onsite 2,600 sqft showroom. The collections in the showroom are rotated 4 times a year. The business features a state-of-the-art lighting laboratory that provides clients with options, upgrades, repairs, energy efficient products etc.

Established in 1973, and benefits from an excellent reputation for high quality work. Open 5 days a week.

The business is priced to sell. Seller will provide-hands on training to ensure a smooth transition. The seller is seeking retirement.

For more information, please contact: msussman@inbargroup.com

• Asking Price: $1,350,000
• Annual Cash Flow: $450,000
• Gross Revenue: $2,900,000
• Inventory: $700,000
• Work in process: $800,000
• Employees: 11 FT
• Monthly Rent: $6,500
• Security Deposit: $13,000
• Payroll: $425,000
• Down Payment: Negotiable
• Open: 5 Days a week
• Building Size: 2,600 Sq Ft.
• Established: 1973

Financial

  • Asking Price: $1,350,000
  • Cash Flow: $450,000
  • Gross Revenue: $2,900,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $700,000
  • Inventory Included: N/A
  • Established: 1973

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,600
  • Lot Size:N/A
  • Total Number of Employees:11
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller will support and train to ensure a smooth transition.

Purpose For Selling:

Seller is seeking retirement.

Opportunities and Growth:

There is plenty of growth and expansion.

Additional Info

The venture was established in 1973, making the business 49 years old.
The deal doesn't include inventory valued at $700,000*, which ins't included in the suggested price.

The business has 11 employees and is located in a building with approx. square footage of 2,600 sq ft.
The building is leased by the company for $6,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. Nevertheless, the true factor and the one they tell you may be 2 entirely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or an array of various other reasons. This is why it is really important that you not count absolutely on a vendor's word, however instead, utilize the vendor's response combined with your general due diligence. This will paint a much more reasonable picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover points like stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too tight. Many companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that must be satisfied or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area bring in new clients? Often times, companies have repeat customers, which create the core of their day-to-day profits. Specific variables such as new competitors sprouting up around the location, road building, and also staff turnover can impact repeat customers and negatively affect future profits. One crucial point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the better the opportunity to build a returning customer base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the local mean house income influence future earnings potential?