Business Overview:
• Key-Value Driver:
- Busy Street; 71+ Years in business, same location
- Loyal customers, lots of retain/ referral customers.
- Low rent, Low maintenance, long lease term!!
- $700k- $1M Inventory included!
- No Competitors within 5 miles.
Amazing opportunity to own 70+ years running, well-established, innovative lighting retailer business in upscale West Coast markets
The company has a successful formula for achieving consistently high margins on premium lighting products. The Company appeals to both the professional and consumer with properly designed showrooms that feature lighting fixtures in optimal settings. The Company has built strong business relationships with architects, contractors, designers, and electricians, and maintains these relationships with the loyalty rewards program. The Company hasn't gotten into e-commerce online business yet, if the new owner has a business plan to set up an online store, revenue will rapidly grow to compare to the current physical retail store only. Also, 2020 is expected to be driven by optimism surrounding a strong housing market and favorable mortgage rates.
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Reason for Selling:
Family reasons.
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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