This well-established interior design firm specializes in senior living facilities throughout the mid-Atlantic region. With 30 years of experience and know-how, this company is firmly established in the marketplace and has an impressive track record. Two complimentary revenue streams make up the $1.6M in sales (2016). First, the company derives fee income from design project work and partners with architects and contractors to implement the plan. Second, the company procures all of the furnishings and sells to client for installation.
The small but impactful staff of 7 people includes 3 designers, as well as project and administrative support.
With 16% net margins and almost $265,000 in discretionary earnings, this business is well suited for an experienced business owner with a creative flair who wants to engage in the ever-growing senior living sector. The seller is willing to work with the buyer to ensure a smooth and seamless transition into this exciting business!
Because this business is entirely B2B, there is no need for an expensive retail showroom. The company currently leases approximately 1000 sq ft of office space for $1500/month on a month-to-month basis.
The senior living market continues to grow as "baby boomers" begin to retire. This trend is expected to continue for the foreseeable future, and this company is well-positioned to benefit. There is ample opportunity to grow sales through (a) geographic expansion, (b) deeper market penetration through marketing and (c) developing the furniture sales element as a separate focus.
While the industry is flush with many residential design firms, there are very few firms who specialize in institutional interior design. This company has the experience and the connections to provide the highest level of service to this ever-growing sector. The business is not susceptible to internet retailing or offshoring and is relatively recession-proof.
Owner is retiring.
Will train for 2 weeks @ no cost. No special licenses are required, but the firm maintains several industry credentials.