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Storage Systems And Remodeled Spaces Closets For Sale

East Tennessee, Tennessee
Asking Price:
$825,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,600,000 (USD)
Cash Flow:
$342,000 (USD)

The business is a multi-faceted home organization business. They represent a complete line of home organization solutions, for all kinds of budgets, working closely with builders, re-modelers, interior designers, realtors and homeowners. This is a very specialized business that can improve, organize and reconfigure pantries, garages, basements, closets, laundry rooms, and home offices or guest bedrooms. Their experienced team all serve to improve your lifestyle and your home’s value
Best reasons for acquiring this company
• Well-run business, with steady growth from excellent products, an outstanding reputation for excellent service, very experienced sales, service and installation professionals, and long-term relationships with builders, interior designers, realtors, remodeling companies etc.
• This business will be relatively turnkey with a new owner being very able to learn the business from the cross trained seasoned staff and long history of quoting, designing and implementing a huge number of varied projects over the years.
• There is good upside potential for a new owner wanting to push the website add a larger sales team or even expand to other locations. Finally, there could be the potential to franchise this business.
• Excellent client payment terms (few receivables)
• Limited Inventory to carry given custom ordering for projects. Good payment terms.
• Location/demographics is strong, and the community is growing with many people relocating to the area
• It is not a franchise, so the buyer is free to change the road-map. Also, no royalties or required advertising fees!
• Considered a desirable and fun business everybody is delighted with these home improvements

Property information

Real Estate:

Lease

Lease Terms:

Rent is $5,200/month for a showroom and storage warehouse. The leases will expire in the next three years but are renewable.

Leasehold Rent:

$61,000 (USD) per annum

Location:

The location is very conveniently located near a major city and just off of the highway.
The business serves East TN but could be expanded to other areas.

Premises Details:

The showroom is located in a center that is very well maintained and is fully occupied with a variety of tenants. The shop is beautifully decorated, showcasing several design spaces, hardware, and lighting options and is a great place for designers and sale staff to work with clients with design books, online tools and in store visuals/samples etc. Additionally, there are several private office areas and storage for examples and samples.

The Showroom has ample space and plenty of parking. There is also a warehouse with room to store vehicles and product. The leases expire in the next couple of years but are extendable. The combined monthly rent is reasonable for the area.

Business Operation

Expansion Potential:

There is good upside potential for a new owner wanting to push the website opportunities, add a larger sales team or even expand to other locations. Finally, there could be the potential to franchise this business.

Competition / Market:

This is the most experienced and largest dealer in the area and other companies in the area are not a threat with slightly different focus and scale.

Reasons for selling:

Retirement

Trading hours:

Monday - Friday usual hours

Employees:
15+
Years established:
20+

Other Information

Support & training:

The owner is flexible and open to discussing training and transition terms and timelines with the Buyer. The staff is cross trained to handle everything required to run the business. The Owner is also willing to stay on as a sales consultant on flexible terms, should that be of interest to a prospective buyer.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Limited Seller Financing may be available to qualified Buyers at Seller's discretion.

Furniture / Fixtures value:
$250,000 (USD) - included in the asking price
Inventory / Stock value:
$65,000 (USD)

Contact Information

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