Seller's Contact Information
- RE: Reputable Residential Lighting Business
- Contact: Tricia Amen
- License #: 2118080
Quick Facts
Asking Price: | $950,000 | |
Annual Revenue: | $2,200,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $320,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1946 | |
Employees: | 8 | |
BBN Listing #: | 371523364 | |
Broker Reference #: | 60022 |
Business Overview:
This long-standing lighting business in northeast LA County serves residential builders/interior designers (80%) and retail clients (20%) across the county and as far south as Orange Co. For 35 years, the owners have built strong relationships with large custom home builders/designers thereby ensuring loyalty and generating referrals. The business rents a 7,000 square feet facility, showroom and warehouse, and currently has 8 employees that have each been there 10 years. Staff delivers product and supports the electricians but does not install. No customer concentration, with 30 jobs currently active/contracted, and 40 more jobs in the quoting phase. The owners work ~35 hours per week and are retiring. 3 year averages: gross revenue $2.2M, SDE $320,000. Inventory is included in price, it ranges from $400,000 - $600,000. Email Trish using reply to this ad button.
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Property Features and Assets:
Month to Month.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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