Home Staging Business

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Asking Price:
$275,000

Gross Revenue:
$154,555
Cash Flow:
$110,212
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$207,500
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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

Location:
King County, Washington
Year Established:
2009
Number of Employees:
3 FT/8 PT
Relocatable:
Yes
Home Based:
Yes
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Owners would like to retire.
Training/Support:
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.

Listing Info

ID:
1665575
Ad Detail Views:
0

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Business Listed by

Claudia Smith

Murphy Business & Financial Corporation

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