Listing ID: 77163
OPPORTUNITY: This highly profitable blind shop has been serving Sonoma, Marin, Napa, San Francisco, and Mendocino Counties for over several decades! This window covering and design firm specializes in shutters, blinds, shades, drapes, drapery hardware, automation, etc. Through many successful years, this business has built a strong customer base, evidenced by its large percentage of repeat and referred customers. In addition, the business has strong relations with some of the most reliable manufacturers and vendors in the industry, such as Hunter Douglas and Kirsch to name a couple.
The blind shop has consistently generated strong sales– nearing $1M in 2019. Prior to the pandemic, this business garnered over $200k in cash flow in both 2018 and 2019.
• Rent is $910 per month for approximately 1,015 sf of warehouse space.
• Gross Sales avg. $830k per year (2018 – 2020).
• One owner works fulltime, whereas the other has not been involved in over 1.5 years.
• Owner is retiring.
PRICE INCLUDES: Goodwill, Leasehold Interest, Furniture, Fixtures and Equipment.
- Asking Price: $249,000
- Cash Flow: $200,000
- Gross Revenue: $830,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,015
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Owner is retiring.
The business has 1 employees and is located in a building with approx. square footage of 1,015 sq ft.
The building is leased by the business for $900 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. Nonetheless, the genuine reason vs the one they say to you might be 2 entirely different things. For instance, they might state "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in profits, or a variety of other reasons. This is why it is really essential that you not count absolutely on a seller's word, yet instead, utilize the seller's solution in conjunction with your general due diligence. This will paint a more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering things such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that revenue margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in brand-new clients? Often times, companies have repeat clients, which form the core of their day-to-day earnings. Specific aspects such as new competition sprouting up around the area, road building and construction, and also employee turnover can influence repeat customers and negatively impact future earnings. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the better the possibility to build a returning consumer base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the local typical family income effect future income potential?