Well Established Home Goods Leasing Company

Austin, TX (Travis County)

Seller Financing Available
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Asking Price: $300,000

Cash Flow: $122,385

Gross Revenue: $269,663

EBITDA: $122,385

FF&E: $34,881

Inventory: $260,000

Rent: $2,074 /Month

Established: 1996

Well Established Home Goods Leasing Company

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Business Description

Motivated seller - Great business for first time buyer

This business to business company has a long history of profitable operation and has developed a small but long term customer base, due to it's excellent reputations for quality products and outstanding customer service. The company leases housewares (bedding, tableware, linens, electronics and decorative items)to the corporate housing and insurance markets. This business has been operating successfully for over 20 years and the current owner is ready for retirement. This is a great opportunity for an entrepreneur looking to acquire a highly profitable business with ample growth opportunities.

Attached Documents


Detailed Information

Location:
Austin, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,860
Lease Expiration:
9/30/2018
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased Building: 2,880 sq. ft. approximately
Competition:
This business is in a prime location to support the Austin market, but could easily expand into the San Antonio area with a relocation from N. Austin to S. Austin. Their are no local independent providers in the Austin area, but their is a couple of regional players and a national provider.
Growth & Expansion:
Plenty of opportunities for growth as the current sales have been achieved by word of mouth, with little to no spending on advertising or promotions. Expansion opportunities exist in San Antonio, Dallas and Houston as well as the potential to add new products like washer and dryer equipment, furniture and concierge services. Other growth ideas would be: create a website, B2B email campaigns and van wrap vehicles to promote the business.
Financing:
Owner is willing to provide 10% owner financing.
Support & Training:
The owner will provide training a transition period per mutually agreed upon terms with the buyer.
Reason for Selling:
Retirement
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Business Listed By:
Bob Lawson

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