Listing ID: 83905
The Lighthouse of Trenton has been a community staple for 65 years and looking to transition to the next owners who will provide the same quality service and products to homeowners, builders, and commercial business owners for the next generation.?
Since 1957, the Lighthouse of Trenton has been a supplier of all types of lighting for your home and light commercial building projects.? We are a distributor of over 100 manufacturer products from under-counter lighting to complete new home packages.? We also have a complete selection of outdoor lighting including landscape lighting to beautify your home.?
This sale would include the property at over 9,100sf of retail and warehouse, inventory, the branding, website, social media, and book of business.?
- Asking Price: $1,250,000
- Cash Flow: N/A
- Gross Revenue: $459,000
- EBITDA: $272,000
- FF&E: N/A
- Inventory: $400,000
- Inventory Included: Yes
- Established: 1957
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:9,197
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Wholesale business to builders, retail and service to general public. New owners could be more aggressive on both.
The company was started in 1957, making the business 65 years old.
The sale shall include inventory valued at $400,000, which is included in the listing price.
The company has 5 employees and is situated in a building with disclosed square footage of 9,197 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. Nevertheless, the genuine reason vs the one they say to you might be 2 entirely different things. As an example, they may state "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, current reduction in profits, or an array of other factors. This is why it is very vital that you not count totally on a seller's word, yet rather, utilize the seller's response along with your overall due diligence. This will paint a more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover things like supplies, payroll, accounts payable, etc. Remember that in some cases this can imply that profit margins are too thin. Lots of companies 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 commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new customers? Most times, companies have repeat customers, which develop the core of their day-to-day earnings. Certain variables such as brand-new competitors growing up around the location, road building, and also personnel turnover can impact repeat consumers and also negatively affect future profits. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business often, the greater the chance to construct a returning customer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the edge of town? Exactly how might the local mean house income impact future income prospects?