Asking Price: $275,000 Gross Revenue: $154,555Cash Flow: $110,212 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $207,500 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Do you have an eye for color and a passion for interior design? Use your talent to bring out the very best in homes for sale with this home staging business. This is an opportunity to own a very successful home staging business on the Eastside. With low overhead, this home-based business has huge growth potential. The business has a large inventory of furniture, wall decor, pillows, lamps, floor coverings and more updated to match current trends and styles. Inventory is stored in a 2,500 sq. ft. warehouse space with a low lease rate. Marketing has been suspended for two years so current owners could focus on their current clientele. This business is ready to grow with its next owner.
About the Business
King County, Washington
Number of Employees:
3 FT/8 PT
This is a home-based business with inventory stored in three large, secure warehouse spaces in a converted dairy farm in the Snohomish Valley. One of the warehouse spaces is heated to protect more delicate inventory pieces. Total rent is $1,200 plus electric and the lease is month-to-month. The storage manager lives on premises.
A stable economy and a real estate market where homes take longer-than-usual to sell means business will be booming for the home staging market in 2019. According to a 2019 poll conducted by the National Association of Realtors, 44% of Buyer’s Agents say staging a home increases the dollar value offered, 53% of Seller's Agents say that staging a home decreased the amount of time a home spends on the market, and 83% of Buyer’s Agents say that home staging helps buyers visualize the property as their future home. Home staging is an established real estate service that home buyers have come to appreciate.
In 2019, King County and Snohomish County real estate markets have increased inventory, and home selling in this area is very competitive. A year ago, sellers could count on three to five offers, but 2019 has been less predictable. Using a professional stager gives the seller an advantage over the competition by expertly preparing the home for sale. Stagers eliminate clutter, improve the flow of the home, and make the space appear bigger and brighter so that potential buyers can better visualize the home’s potential.
This business receives referrals from other staging businesses in the region as those businesses often run out of inventory. There is one other advertised staging businesses in this area, so competition is small with rising demand in a very competitive real estate market.
Growth & Expansion:
The business currently only stages vacant properties. This is an obvious area for growth since the business currently declines requests to stage occupied properties and co-mingle inventory. Creating and utilizing an online presence with a website and social media will generate exposure. Networking with real estate brokers and property investors will boost demand for their services. The demand for this service is high and supply of quality stagers is limited in the area. Investing in growing the current inventory will have a huge impact as it will allow the business to meet the growing demand for staging services.
Will train for 6 weeks @ $0 cost. Local and State Business License is required. An owner with a passion for interior design and color is preferred. Knowledge of basic tools would be a bonus as you are often assembling and disassembling furniture.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.