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Located in North Texas, this well-established store offers premier interior and exterior lighting fixtures and design services for builders (70%) and residential construction and commercial applications (30%) throughout their geographical radius. With over 100 subdivisions being built in their market, the store is having an excellent year, and there's plenty of growth opportunities for new ownership. Since opening in 1999, they have developed a reputation for providing excellent service to clients such as residential builders, hotels, duplexes and nursing homes. This 10,000 square foot retail facility features a state-of-the-art showroom complete with displays, in addition to 6,000-sq. ft. of warehouse space. Commercially zoned to handle extra capacity for expansion, the property is available for optional purchase or lease. In addition to the owner, the store is staffed by nine nonunion experienced personnel. The buyer can benefit from a smooth transition period, especially since the owner would welcome the opportunity to continue in a sales role. Apart from maintaining a website for self-promotion and strong relationships with builders that account for 75% of their referrals, enhanced marketing would create additional revenues for the new owner. With $896,000 gross profits, 2019 Revenues were $1,953,380 and Seller Discretionary Earnings were $181k, based on an independent valuation. This business operates like a family owned enterprise and the opportunity for streamlining and growth are significant.
Holds a monthly tenancy of $10,000.
Available for purchase outside of Asking price. Inquire IAG for details.
Inventory not included, but negotiable at time of sale.
Approaching retirement and/or pursuing other interests.
Monday to Friday 8:30AM - 5:30PM & Saturdays from 10AM - 4PM.
Smooth Owner Transitioning period, continuing under sales role.
Financing can be negotiable for the appropriate buyer.
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