Business Overview:
The owner is selling due to permanent retirement. The owner started this business as a family business over 25 years ago. The owner has established the company as the premier go-to showroom, design center, and home improvement center focused on a very narrow market segment. Over the years the company has proved to be the premier go-to location for homeowners, contractors, and designers. The staff is fully trained and well-managed. They are operating out of several areas the company serves the Western Half of Connecticut and the Eastern Part of New York State. Each location is managed by a general/showroom manager – allowing the owners to operate at the CEO/CFO level.
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Property Features and Assets:
This business operates out of several locations. The Real Estate available for sale that the owner currently owns is included in the package and has a value of about $1,100,000. The balance of the locations is leased under favorable terms with landlords willing to work with new ownership to structure long-term leases.
Market Competition and Expansion:
The current owner has built a successful business positioned to be scaled. In order to scale this business a new owner can hire and train additional salespeople; open new locations; increase advertising and expand local networking with the market area served. The current owner has chosen to maintain the business and has not aggressively tried to grow the business.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is not 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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