MergerPlace

Lucrative, Semi-Absentee,

North Carolina


  • Asking Price: $499,950
  • Gross Income: $1,476,069
  • Cash Flow: $206,350
  • Real Estate: Not Disclosed
  • Inventory: $15,500
  • FF&E: $58,000
  • Listing ID: #222196
  • Established: 1984
  • Employees: 4 FT / 1 PT

Business Description

The Business sells, designs, and installs blinds, shutters, and window coverings.

The business has a long history of providing upscale window covering products to both the consumer and commercial/institutional markets. It is a full-service measuring and installation company that markets to the affluent residential market and the high-volume commercial buildings market through bid/contract work. The business has been virtually recession-proof as a result of strong local economies and sustained growth throughout the region. With the growth of internet commerce geared more for DIY (Do It Yourself) region/market, the demand for custom, high-end products continues to be strong, even during the Covid crisis.

Note - Eligible for six months of principal and interest paid under the CARES Act, if closed or registered before 9/27/20, while funds last.


Business Details

Primary Business Category: Services - Other Services
Location: North Carolina

Company Information

Year Established: 1984
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT / 1 PT

Financial Information

Asking Price: $499,950
Gross Revenue: $1,476,069
Cash Flow: $206,350
FF&E: $58,000
Inventory: $15,500
Seller Financing Available: Yes

Property Information

Facilities:

-Storefront/showroom location: Upscale neighborhood, high visibility road frontage, on busy road, easily accessible from major interstates. -Ample square footage, for showroom, and warehouse -Reasonable rent of approx. $16/sq. ft Lease: has favorable terms and duration -The Facility is very well kept, inviting, with plenty of convenient parking.

Growth & expansion opportunities:

This business has tremendous potential for expansion. The business is currently concentrating on the affluent areas of North & South Carolina. Residential sales could be expanded with the addition of more designers. A sales team could/should be developed to cover the entire Carolina market, which could double or triple revenues.

Competition:

The Window Treatment Stores industry exhibits a low level of market share concentration. The industry's top two players are expected to account for less than 5.0% of industry revenue. The majority of this industry's stores are small and midsize businesses operating on a regional or local scale.

Reason for selling:

After many years of owning and growing this very successful business, the owner desires to "slow down" and spend more time at home with the family.

Support & Training:

Will train for 4 weeks @ no cost -Products include: shutters, shades, blinds, and window treatments. -Next owner should be somewhat "handy" &/or mechanically inclined to understand the products, their application, and installation.

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Business Listed By:

Don Emmett

Murphy Business Brokers