Record Cashflow Retail Lighting Fixtures Business

, Texas 7 views 0 favorites

Financial Highlights
Asking Price
$1,000,000
Revenue
$2,359,786
Business Description

Currently Generating Very Strong Revenues/Cash Flow We are pleased to present this mature, profitable, and well managed enterprise. It has boasted a strong track record of profitability, across its diverse fixture and product lines, for more than 20 years now. From its select handcrafted designs, which are made from the finest materials, coupled with its superb customer service, set this company apart from its peers. Its revenue mix is approximately 80% commercial or B2B, and 20% consumer. Since they started running radio ads in August, their monthly revenues have increased by 15-20% per month. This company shrugged off COVID-19 and has demonstrated growth of more than 4% during the pandemic year of 2020 and that growth continues into 2021, with 2021 revenues outpacing those of 2020 by over 17% during the same time frame. Its YTD 2022 P&L through March shows record net income of $54,783, which was a 35% increase in revenues over the same time period in 2021. This business is well poised for new management as the sellers have decided to retire but are committed to staying on board, under negotiated terms, after closing, to ensure a successful transition to the buyer. The husband of the couple is 75 years old, has health problems, and wishes to retire. Location: Fort Worth, Texas Year Established: 2001 Number of Employees: 8 Real Estate: Leased Building Sq. Ft.: 800,000 Rent: $6,600.00 Per Month Facilities: This business operates out of an attractive retail warehouse and spacious showroom which is valued at approximately $1.42M, which is available for purchase. Market Outlook/ Competition: From all indications, this business is well positioned against its competitors but it would most certainly benefit from the growth and expansion inputs offered below. Growth & Expansion: Growth & Expansion: This business operates as a traditional in-person transaction retail environment. Potential growth vectors for this business includes online shopping capabilities and expansive social media exposure and marketing. A new website with SEO (Search Engine Optimization) would also likely enhance this business's financial performance.

Business Details
Industry:
Retail
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 18, 2022

Updated: 6 hours ago

Views: 7

Favorites: 0