HOLMDEL, New Jersey
| Asking Price |
$289,000 |
Year Established |
2004 |
|
| Annual Revenue |
$550,000 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Elliot Dweck |
|
| Annual Cash Flow |
$90,000 |
Listing Number |
950191 |
|
| # of Employees |
1 |
Business Category |
Retail: Home Furniture & Furnishings |
|
Business Overview:
This lighting store is a landmark in the most affluent section of Monmouth County, NJ. They have operated there for over 21 years and have created a tremendous following as evidenced by their hundreds of 5 star reviews and top google searches. They carry all the top brands in the industry including Schonbeck, American Brass & Crystal, Savoy House, North East Lantern, Visual Comfort, Quoizel, Kalco and many more! In addition to lighting fixture sales, there are additional revenue streams from installations and commercial chandelier cleaning, both of which have tremendous upside potential. There is a list of 2,000 active customers as well as over 200k of new inventory which is included in the sale. Two experienced salespeople will remain with the new owner and seller will train for up to 6 months. Consistent annual revenue of 550k can easily be increased with online sales and marketing. There is a $110k SBA loan in place with a 30 year term at a fixed 3.75% (monthly payment of only $509!) that will be assumed by the buyer at closing. Owner recently had a hip replacement and is looking to retire.
Property Features and Assets:
<p>Monthly Rent: $6,600.00<br><br>Square Units (Foot, Meter): 2,194<br></p>
Market Competition and Expansion:
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