Business For Sale Listing 49644
Interior Design Center
Status as of Nov-30-2008 at 06:15 PM: Active
Business Summary
DESCRIPTION: This fashionable, well-established decorating center is located in one of Maine's scenic and popular lakes regions and serves its regional market with flooring, paint, wallpaper and window treatments. The business is primarily designing and selling. Subcontractors are used to do most installations. The market is middle and high income homeowners, many of whom own year-round and/or seasonal lakefront properties. The surrounding area is booming in the summers and in ski season. The business employs four full-time and nine part-time. It uses several sub-contractors. The current owner is selling to retire, but will stay with the business for a lengthy transition if desired.
MARKET: Sales are growing and this decorating center is well positioned in the market it serves. There is a significant demand in the area for high-end home decorating. Many wealthy people live in the area and others have vacation homes nearby. A full range of quality brand-name products and personal customer service set this business apart from its competition. The owner of the business has several areas of improvement that a new owner can pursue to bring new growth to this already-vibrant business. Two examples: The business needs to improve its website or on-line presence. The business does not now have a computerized database to solicit potential customers.
FACILITIES: The business occupies a uniquely attractive 4,500 square foot retail space off two major highways. It also has additional office, storage and warehouse space. The real estate is included as an optional purchase in addition to the purchase of the business, but is not fully described here to maintain confidentiality.
PRICE OF BUSINESS: $225,000
DOWN PAYMENT ON BUSINESS: $45,000
PRICE OF REAL ESTATE: $505,000
DOWN PAYMENT ON REAL ESTATE: $150,000
INVENTORY PURCHASE: $70,000
WORKING CAPITAL NEEDED: $50,000
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million ($860,000) |
| Profits: |
Between $100 Thousand and $500 Thousand ($151,000) |
| Profit Type: |
Cash Flow |
| Fiscal Year: |
Pro-forma |
| Asking Price: |
Between $500 Thousand and $1 Million ($730,000) |
