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East Tennessee Closet Design and Reorganized Spaces Biz

TN

Seller Financing Available
East Tennessee Closet Design and Reorganized Spaces Biz
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Asking Price: $775,000

Cash Flow: $345,000

Gross Revenue: $1,600,000

EBITDA: N/A

FF&E: $250,000

Inventory: $65,000*

Rent: $5,083.33 /Month

Established: 1999

*not included in asking price.

East Tennessee Closet Design and Reorganized Spaces Biz

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Business Description

The business is a fun and easy to run home service business.
Great points about this opportunity!
• Well-run business with steady growth from excellent products and services
• This business will be relatively turnkey with a new owner being very able to learn the business from the cross trained seasoned staff
• There is good upside potential for a new owner wanting to push the website add a larger sales team or even expand to other locations.
• Excellent client payment terms (few receivables)
• Limited Inventory to carry given custom ordering for projects. Good payment terms.
• Location/demographics is strong, and the community is growing with many people relocating to the area
• It is not a franchise, so the buyer is free to change the roadmap. Also, no royalties or required advertising fees!
• Considered a desirable and fun business

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The location is very conveniently located near a major highway in a growing East TN town. The business serves East TN but could be expanded to other areas. The retail location is in a center that is very well maintained and is fully occupied with a variety of tenants. The monthly rent is reasonable for the area.
Competition:
Usual competition but this business has a great deal of history and outstanding reputation and relationships that sets it apart.
Growth & Expansion:
Lot of "pros" regarding expansion opportunities. Other product lines. Other territories. Additional stores. Franchising the brand.
Financing:
SBA Preapproved!
Support & Training:
The owner will provide reasonable training and transition and the rest of the staff is cross trained to do multiple tasks for the business.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Karen Schorkopf

Business Listed By:
Karen Schorkopf

Business Sales, Mergers & Acquisitions

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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