Buy Businesses For Sale » Architecture, Interior Design, Landscape Design » Maine » Listing BFS-49644

Home Decorating Center

This fashionable, well-established decorating center is located in one of Maine’s scenic and popular lakes regions. It 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 that of 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 five 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: The business is well-located and 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 well established business. Two examples are that the business website can be improved and a computerized database can be initiated to solicit potential customers.

FACILITIES: The business occupies a uniquely attractive 4,500 sq. ft. 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: $150,000
DOWN PAYMENT ON BUSINESS: $50,000

PRICE OF REAL ESTATE: $505,000
DOWN PAYMENT ON REAL ESTATE: $150,000

INVENTORY PURCHASE: $70,000
WORKING CAPITAL NEEDED: $50,000