Operating for nearly 30 years, this custom window treatment store is well-recognized and comes with an impeccable reputation for quality and service. Highly regarded by its suppliers as well, the store offers nearly a dozen brands and nearly all window treatment solutions - a vast majority of which are made in the U.S. Products offered include blinds, shades, shutters and fabrics.
Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (usually 3-3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.
Located on a major thoroughfare with excellent visibility and high volume traffic (estimated over 30,000 cars per day). Approximately 1,250 square feet of retail space and 500 feet of office and warehouse space. Location has been established for roughly 18 years and recently has moved from a five-year lease to a month-to-month extension. A new lease can be signed with the landlord, or the buyer may choose to relocate. Multiple showroom upgrades over the years; HVAC system is only 2 years old.
The store has an excellent reputation and has high visibility on a major road. Additional marketing to new-home owners is an option for growth. Establishing relationships with the local home builders and/or their association and local realtors may generate additional leads. Expanding relationships with statewide interior designers may drive an increase in revenue, as well.
The Window Treatment Industry is a $1.4 billion dollar industry with an estimated growth rate for the next five years of .5% annually ($200 million). Rising home ownership rate among millennials is currently one of the most significant factors contributing to increased demand. There is an influx of less-expensive retailers who are competing against each other and the big box stores, while custom, high-end producers are growing strong sales and favorable profit margins.
After owning the business for 40 years, the owner wishes to retire.
Will train for 4 weeks @ $0 cost. Skills required for successfully operating this company include a strong ability to sell, communicate, manage time, solve problems and to work both independently as well as in a team setting. There are occasional staff training requirements with some of the brand companies represented in the product mix. An eye for color and fashion are very helpful.