Kitchen and Interiors-Over $400K in Owner Income Annually!

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Over $400K in Owner Income Annually! Great Business Opportunity!
Asking Price:
$799,000

Gross Revenue:
$2,309,997
Cash Flow:
$358,107
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$50,000
included in asking price

FF&E:
$143,236
included in asking price

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Business Description

Very Profitable kitchen and interiors business since 1996. The ONE STOP shop for all Kitchens, Baths, Closets and Interiors in New York City. Complete Showroom and exclusive dealer for major manufacturers. Well established with repeat and referral based business. Both commercial and Residential customer base covering Manhattan, The Boroughs and Greater New York. The business consists of a design center with showroom plus a strong, succesful contracting division.
Must see for any buyer that wants a high margin and extreme profitable home product business. Perfect for investors looking for cash flow performing businesses. Owner will stay on for a smooth transition. Team is in place and brand new location starting in 2019! Act Now!

About the Business

Year Established:
1996
Number of Employees:
4 FT
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Rate/Sq. Ft./Mo.:
$12,500.00
Lease Expiration:
12/31/2029
Facilities:
Brand New location! 3,000 square foot showroom center in NYC with over $250K in displays and inventory. Additional warehouse and supply center 5 min away to service all the boroughs, surrounding states very easily. Servicing all of Manhattan from this location. Very hard to get in Manhattan! Can easily expand into design products. Strong operator can be taught the business. Interior designers, architects, and sales professionals will do well to add this business for more revenue. Over $400K annually in income to the owner!
Market Outlook/
Competition:
Preferred Pricing with very popular line of product offerings. Great Margins and high ticket sales. This business is the go to source for Manhattan. High End clientele! This business is primed for expansion.
Growth & Expansion:
The business does over $2 million in sales without marketing so tremendous opportunity for right buyer with these additional skills. Systems and process are in place for this business to grow with the right buyer. NYC real estate is expanding once again and this company benefits directly. Expansion of sales force and marketing are first step to growth along with new product lines. Strong referral base each year.
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About the Sale

Reason For Selling:
Current owner will stay on as an employee for up to 2 years transition.
Training/Support:
Will train for 2 weeks @ no cost.
Exclusive dealer and designer of kitchen and interiors. Additionally, they have a division focused on Home interior products and supplies Designer and production crew on staff to make this turn-key. Easily trainable and owner will stay on in support role!

Listing Info

ID:
1336163
Ad Detail Views:
1216

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Business Listed by

Daz Connell

Murphy Business & Financial Corporation

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