Business Overview:
The company provides high-end custom design, fabrication and installation of draperies and furniture upholstery for residences and businesses. Over the 30 years since its founding, the owner has developed a loyal clientele of sophisticated homeowners, business owners, and interior designers. The company does almost no advertising, but secures its business from repeat customers and by word-of-mouth and referrals. Clients are spread throughout the extended Washington, DC Metropolitan Area.
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Property Features and Assets:
The company’s production is carried out in a 3-story 6,000 square-foot, sturdily constructed, brick-front town house, which also houses the owner’s office. The owner typically goes to clients’ homes or offices to take measurements, and to discuss the details of their orders. The owner, who also owns the building, has been charging the business $6,500 per month rent and is willing to lease the building back to the buyer for up to one year at that rate.
Market Competition and Expansion:
Competition:
There are several competitors in this market, but the company has established a leading position by pricing at a median level for the industry, but delivering the highest quality of goods and services.
Growth and Expansion:
In recent years, the owner has not actively sought to expand the business. A new owner, by capitalizing on the company’s superb reputation and energetically promoting the business could grow it to a substantially higher level. The Washington, DC area has a high concentration of affluent residents.
Reason for Selling:
After operating the business for over 30 years,
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: