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Lighting Dealer For Multi - Family & Single Homes
Location: United States -> Iowa
Industry: Retail > Home and Garden Retail




Business Summary

For over 70 years in eastern Iowa, this lighting solutions company has grown from a small electrical business into a major supplier for area builders. Specializing in high-end residential and multi-family properties, 85% of business comes from builders, with the remaining 15% coming from retail sales. Customers can choose from lamps, sconces, and pendants to directional lights, chandeliers, exterior lights and more.

The company is a second location for a business that is looking to move toward a focus in interior design. On staff are 6 employees, with 4 in Sales and 2 in the Warehouse. The business occupies a 7,500-sq. ft. space in a strip mall, with the lease covering both a showroom and a warehouse.

A buyer could look to grow the company by operating as the General Manager, or look to promote one of the Salesmen to GM. While the company has a good website, there is not integrated online purchasing available, which a buyer could pursue. A quicker way to expand would be through social media ads on a number of platforms.

If you're looking to expand your territory, break into a new area or simply want to own your own company, this is a great chance to take a family-owned business to the next level.

Next Steps
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage's professionals at 402.998.5288.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,555,662
Cash Flow:   $143,612
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $381,447
Seller Financing:  Yes

About The Business

Year Established:  1947
Number of Employees:  6 - 9
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  90 days
Reason For Selling:  Next generation of owners not interested in lighting




Print Listing Id: 700289603
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Related Searches: Catalog and Mail Order Retail  >  Clothing and Footwear Retail  >  Computers and Electronic Equipment Retail  >  Convenience Stores Retail  >  Florist Retail  >  Health and Beauty Supplies Retail  >  Home and Garden Retail  >  Movie Rental  >  Wedding and Formal Rental  >  Other Retail  > 

Also See: Franchise Opportunities > Franchise Resales > Iowa Businesses For Sale > Iowa Franchises For Sale > Iowa Business Brokers



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