Seller's Contact Information
- RE: Retail Company With Strong Service & Installation
- Contact: Joseph Hollcraft
Quick Facts
Asking Price: | $430,000 | |
Annual Revenue: | $1,700,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $180,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 907035781 | |
Broker Reference #: | FRM2023 |
Business Overview:
This company is a 60 years strong Portland institution with limited competition and excellent profit margins. One income stream is the retail shop. Another is service and installation of their unique product line. The company is one of only a handful of businesses in the nation serving a particular manufacturing niche and also creates customized products. An outside sales team enhances these revenue streams. The retail shop brings in approximately 30% of gross revenue. About 50% of gross comes from installation and repeat non-retail orders via a diversified roster of hundreds of standing Net 30 accounts. Roughly 10% of gross comes from internet sales. Clients include schools, government entities, private homes, and car dealerships.
The business has 14 employees including the outside sales team, accounting and record keeping, an installer, a graphic designer, one full-time and one part-time seamster, retail store clerks, and a GM. One owner works 40 hours a week managing the marketing and maintaining its vision, a second owner, whose responsibilities could easily be outsourced, works less than 20 hours a week doing some record keeping and accounts payable. Both owners are flexible on the period of transition/training provided post sale.
The company's revenue streams remained strong through the pandemic and are poised for growth.
The leased space is approximately 5500 square feet and rent is $8,000 per month. The retail space is about 1800 sq. ft. There are large storage areas, a dedicated sewing room, an Outside Sales office, a Shipping & Receiving department, a single vehicle garage, and separate Executive and Administrative Team offices. The current lease runs through October 2023.
Price includes $270,000 of specialized inventory.
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Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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