Lighting and Fan Retailer

Not Disclosed, TX

Asking Price: Annual Revenue:
Not Disclosed $7,850,678

Retail: Home Furniture & Furnishings

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RE: Lighting and Fan Retailer Broker: Mike Miller

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $7,850,678
Net Profit: Not Disclosed
Cash Flow: $2,270,727
Total Debt: Not Disclosed
FF&E: $416,772
Real Estate: Not Disclosed
Year Established: 1999
Employees: 24
BBN Listing #: 4035392
Broker Reference #: #72744MM

Email or Print Listing

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Business Overview:

The Company is a retailer and distributor of light fixtures and ceiling fans. The products are primarily sold directly to custom residential home builders/contractors (85% of revenue) and to retail customers (10%). It operates out of Texas and within one the fastest growing real estate markets in the U.S. The Company conducts very little in the way of traditional marketing, but rather focuses on new custom residential home builders entering its market as well as word-of-mouth advertising. It competes on: 1) excellent pricing; 2) high-end products and product breadth (over 60 suppliers); 3) striking showrooms; 4) outstanding customer service (sales personnel are American Lighting Association certified); and 5) on-time delivery. Furthermore, in 2020, its top customer represented only 9% of revenue, and the Company has a 90% repeat customer rate. Revenue rose from $5.8 million in fiscal 2018 to $7.2 million in fiscal 2020, representing a 20.1% compound annual growth rate. Futhermore, adjusted SDE margins registered 29% in 2020. Also, based on the performance at the six months ended 6/30/2021, revenue is estimated to reach $7.5 million for fiscal 2021 with a repeat of strong profit margins.

Refer to File #72744MM. Please respond with your name, email/mailing address and telephone/fax no. (s) so we may send a confidentiality agreement.

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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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