Internet Based Home Furnishings
Location:
United States
->
Connecticut
->
Shoreline
Industry: Retail > Home and Garden Retail
Business Summary
Owner took time out from his corporate job in an attempt to solve one of the bothersome issues in home decoration. It is a cosmetic solution for high end homes. He had the design engineered and patented. Built a beautiful and very functional interactive web site. His manufacturing sources were developed. First year revenue was beyond expectations at over $300,000. During 2006 he stopped taking orders to reengineered the manufacturing process in a much more efficient manner. Reopened in 2007 he has been averaging $48,000/month. Margin is 20%. With the product and process essentially complete this business is run with an assistant taking orders and helping customers with the web site. The owner completes the product, packs it and ships it. Owners time each week is 20 hours. The distribution is primarily through high end home magazines but could be expanded through other channels. Asking $300,000. Email or call 203-209-0004 for more information on this Internet Based Home Furnishing business for sale.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$450,000
Cash Flow:
$90,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $80,000
Seller Financing: No
About The Business
Year Established: 2003
Number of Employees: 1 - 3
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: As needed.
Reason For Selling: Personal.
Click on the "I'm Interested" button above for more information on this Retail > Home and Garden Retail business for sale.
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Print Listing Id: 70068205
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