MergerPlace

HI Window Treatments, SBA Approved

undisclosed, Hawaii (Maui)


  • Asking Price: $695,000
  • Gross Income: $722,376
  • Cash Flow: $281,073
  • Real Estate: $450,000
  • Inventory: $1,000
  • FF&E: $45,000
  • Listing ID: #213357
  • Established: 1989
  • Employees: 2

Business Description

Owner retiring! Rare opportunity to own an established (31 years), well-known, highly regarded, and profitable full-service window treatments dealer.

They offer a wide selection of window treatments including draperies, shutters, shades and blinds for residential, rental property and commercial customers. Their experienced and knowledgeable staff helps customers select the perfect window treatment or fabric for furniture in their home, business or rental property. Offering a large selection of top national brands and professional installation, they help customers select the best window treatments for their needs; whether for privacy, blocking the sun, or adding that perfect touch of elegance to any room.

The Hawaii home construction and remodeling market is very robust. The Business has had an excellent track record of growing sales and profits through its website and online presence and as a preferred and recommended supplier to the Hawaii market. Since 2010 their sales revenue has jumped from $392,700 to over $744,000 in 2018. They are very profitable: gross profit margins of 63% and SDE margins of 38%.

Since they require customers to pay a 50% to 75% deposit with their order, the business requires almost no net working capital investment. Tax returns are prepared by their CPA and they have clean books with very few add-backs.

Unlike many businesses in Hawaii, the Company owns the building that the Business operates in. The owners are willing to either:

Option 1. Sell the Business for an attractive price of only $695,000 and lease the Real Estate to the buyer for 5 years at $2,043 NNN per month plus CAM and tax, including an option to purchase the Real Estate.

Option 2. Sell both the Business and the Real Estate at a combined price of $1,145,000.

The 2018 owner’s profit (SDE) for the Business and the Real Estate was $307,101. For a Buyer who leases the SDE, after payment of lease rent, SDE would be $281,073.

To make a transaction even more affordable it has been pre-approved by Diamond Financial for an SBA loan for a qualified buyer.

This Business provides more than enough cash for an owner to really live Hawaii’s good life.

We have a detailed Confidential Business Profile, with all financial information based on tax returns and complete business information, for your review.


Business Details

Primary Business Category: Retail Trade - Furniture & Home Furnishings
Location: Hawaii
Metropolitan Area: undisclosed
County: Maui

Company Information

Year Established: 1989
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2

Financial Information

Asking Price: $695,000
Gross Revenue: $722,376
Cash Flow: $281,073
FF&E: $45,000
Inventory: $1,000
Real Estate: $450,000
Seller Financing Available: No

Property Information

Facilities:

The real estate is owned by the business. It is a low operating cost commercial condo which is conveniently located and has 1,480 square feet. Attractive building which contains both a retail showroom and workshop. It is located close to customers and has excellent free parking.

Growth & expansion opportunities:

Add additional product lines Expand to other Hawaii islands

Competition:

Limited direct competition

Reason for selling:

Retirement

Support & Training:

2 weeks

Contact Business Seller

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Business Listed By:

Tom Caltrider

Hawaii Business Sales