Lucrative, Semi-Absentee, Company, Window Covering

Not Disclosed, NC

Asking Price: Annual Revenue:
$499,950 $1,476,069

Services: Home Improvement, Repair, Painting

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RE: Lucrative, Semi-Absentee, Company, Window Covering Broker: Don Emmett
Owner Financing is Available!
$49,995 down/$74,993 over 120 months @ 8%/Other Financing Prequalified for up to 90% loan with at least a 10% down payment. Seller finance available up to 15% for a qualified buyer, depending on terms and structure of the transaction.

Quick Facts

Asking Price: $499,950
Annual Revenue: $1,476,069
Net Profit: Not Disclosed
Cash Flow: $206,350
Total Debt: Not Disclosed
FF&E: $58,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 5
BBN Listing #: 25644955
Broker Reference #: 1310-15831

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Business Overview:

The Business sells, designs, and installs blinds, shutters, and window coverings.

The business has a long history of providing upscale window covering products to both the consumer and commercial/institutional markets. It is a full-service measuring and installation company that markets to the affluent residential market and the high-volume commercial buildings market through bid/contract work. The business has been virtually recession-proof as a result of strong local economies and sustained growth throughout the region. With the growth of internet commerce geared more for DIY (Do It Yourself) region/market, the demand for custom, high-end products continues to be strong, even during the Covid crisis.

Note - Eligible for six months of principal and interest paid under the CARES Act, if closed or registered before 9/27/20, while funds last.

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Property Features and Assets:

-Storefront/showroom location: Upscale neighborhood, high visibility road frontage, on busy road, easily accessible from major interstates. -Ample square footage, for showroom, and warehouse -Reasonable rent of approximately $16/square feet Lease: has favorable terms and duration -The Facility is very well kept, inviting, with plenty of convenient parking. Assets= $73,500

Market Competition and Expansion:

The Window Treatment Stores industry exhibits a low level of market share concentration. The industry's top two players are expected to account for less than 5.0% of industry revenue. The majority of this industry's stores are small and midsize businesses operating on a regional or local scale. This business has tremendous potential for expansion. The business is currently concentrating on the affluent areas of North & South Carolina. Residential sales could be expanded with the addition of more designers. A sales team could/should be developed to cover the entire Carolina market, which could double or triple revenues.

Reason for Selling:

Owner wants to spend time with his family.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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