Business Overview:
This company is a Portland institution with limited competition and excellent profit margins. One income stream is the retail shop. Another is modification, service, and installation of their unique product line. The company is also one of a handful of businesses in the nation serving a manufacturing niche and also has a digital division for customization of product. An outside sales team enhances these revenue streams. The retail shop brings in approximately 20% of gross revenue. About 50% of gross comes from non-retail orders from standing clients with Net 30 accounts, and about 18% of gross comes from product modification and installation. Clients include schools, government offices, and car dealerships.
The business has 14 employees, including the outside sales team, an accounting and record keeping department, a product modifier/installer, a graphic designer, one full-time and one part-time seamstress, retail store clerks, and a GM. One owner works 40 hours a week managing the store and maintaining its vision, a second owner works 20 hours a week and is responsible for some record keeping and accounts payable. Both owners are flexible on the period of transition/training provided post sale.
The company's revenue streams are poised for growth.
The leased space is approximately 5,500 square feet and rent is $8,000 per month. The retail space makes up about 1,800 square feet. There are two large storage areas, a dedicated sewing room, an office for the outside sales team and another office for the accounting team. There is also an executive office and a single vehicle garage. The current lease runs through October 2023.
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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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