Window Treatment Store

Not Disclosed, NC

Asking Price: Annual Revenue:
$975,000 $1,084,685

Retail: Non-classifiable

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RE: Window Treatment Store Broker: Rob Melhem

Quick Facts

Asking Price: $975,000
Annual Revenue: $1,084,685
Net Profit: Not Disclosed
Cash Flow: $339,415
Total Debt: Not Disclosed
FF&E: $124,000
Real Estate: Not Disclosed
Year Established: 28
Employees: 7
BBN Listing #: 26714955
Broker Reference #: 1309-16193

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Business Overview:

Operating for nearly 30 years, this custom window treatment store is well-recognized and comes with an impeccable reputation for quality and service. Highly regarded by its suppliers as well, the store offers nearly a dozen brands and nearly all window treatment solutions - a vast majority of which are made in the U.S. Products offered include blinds, shades, shutters and fabrics.

Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (usually 3-3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.

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Property Features and Assets:

Located on a major thoroughfare with excellent visibility and high volume traffic (estimated over 30,000 cars per day). Approximately 1,250 square feet of retail space and 500 feet of office and warehouse space. Location has been established for roughly 18 years and recently has moved from a five-year lease to a month-to-month extension. A new lease can be signed with the landlord, or the buyer may choose to relocate. Multiple showroom upgrades over the years; HVAC system is only 2 years old. Assets = $137,750

Market Competition and Expansion:

The Window Treatment Industry is a $1.4 billion dollar industry with an estimated growth rate for the next five years of .5% annually ($200 million). Rising home ownership rate among millennials is currently one of the most significant factors contributing to increased demand. There is an influx of less-expensive retailers who are competing against each other and the big box stores, while custom, high-end producers are growing strong sales and favorable profit margins. The store has an excellent reputation and has high visibility on a major road. Additional marketing to new-home owners is an option for growth. Establishing relationships with the local home builders and/or their association and local realtors may generate additional leads. Expanding relationships with statewide interior designers may drive an increase in revenue, as well.

Reason for Selling:

The owner wishes to retire.

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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