This highly profitable kitchen design studio is located in a prime area of LA and is an exclusive distributor for a highly respected, high-end, custom kitchen manufacturer. The manufacture is well known as a premier designer and manufacturer of high-quality kitchens. The showroom for this business offers an extensive selection of kitchen cabinetry and provides design and installation services. In addition to kitchen design, company offers closet systems, bathroom vanities, entertainment centers and appliance solutions.
Majority of customers are high net worth individuals referred by their contractor/designer/architect or past clients. Median cost of a project is $130,000+/-. As per Seller, even with the slowdown from Covid-19 earlier this year, 2020 projected gross income should hit $1.7M - $1.9M, depending on production schedules and there are several design orders in the pipeline. The business will benefit from the continuing trend of people remodeling their existing homes.
Seller runs this business by himself on a “relaxed” Monday – Friday schedule with (1) Independent Contractor designer and several IC installers. The purchase price consists of a large list of FF&E and includes several displays at an estimated cost of $450,000+/-. Seller is willing to consider seller finance for a qualified buyer with good credit and a significant down payment.
Seller is retiring after many years in the business. Prospective buyer should have experience in dealing with high-end products/furnishings and with high net worth clientele. Buyer should have a general contractor’s license (B license) for the installation otherwise buyer will have to outsource the installation similar to what competitors do (seller will discuss further). Call broker for further details on this unique opportunity to own a highly respected kitchen design studio in Los Angeles.
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Retail showroom located on major boulevard Design showroom features selection of cabinetry designs $13,500/mo rent (1) 5-year option
Seller to discuss
As per seller, competition in this high-end space is limited. Buyer to investigate the marketplace.
Seller will provide training at no cost to qualified buyer.