Lighting & ceiling fan wholesaler to residential builders

Asking Price$2,750,000

Cash Flow
$720,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,600,000

Inventory$650,000
Not included in asking price
FF&E$250,000
Included in asking price
Real Estate$1,700,000
Not included in asking price
ShowroomSave

Lighting & ceiling fan wholesaler to residential builders


Asking Price$2,750,000

Cash Flow
$720,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,600,000

Inventory$650,000
Not included in asking price
FF&E$250,000
Included in asking price
Real Estate$1,700,000
Not included in asking price
Business Description
One of Florida’s most successful marketers of wholesale light fixtures and ceiling fans. The store’s impressive sales volume is created mostly with many new home builders and remodeling contractors.
The business has continuously operated for over four decades with a very seasoned professional design-sales staff, fixture repairs department and installation crew.
The company represents all the major lighting fixtures companies, popular ceiling fan manufacturers, necessary electrical accessories components and a thoroughly filled design library for consultations.
Customers are always amazed with their first walk around of the thousands of square feet of display showroom and very impressed with the hundreds of fixture samples.
You, as a buyer, from day one after your purchase of this business, will be extremely comfortable and impressed with the seller's organization’s autonomous production of daily business in the showroom, office and in the warehouse services.
The buildings, $1,700,000, recently appraised, will be sold with the business entity if a buyer wishes. The P&L operating statement reflects a generous current market rate lease expense.
The Inventory for resale is current and turns at least 3 times a year and recently valued at $750,000 at current wholesale costs. SBA Financing will be available for Inventory purchase, if necessary.
The accounts receivable will be included in the selling price at the closing, approximately, >$250,000.
Let the business intermediaries of MarketPoint Advisors guide you through the acquisition processes.
About the Business
Years in Operation
48
Employees
12
Facilities & Assets
The showroom and warehouse, main structure, is masonry building of split face block and stucco,7,600 s/f. This building was constructed in 1984 and designed for the seller's lighting fixture store business. Additionally, there is another masonry building, 1300 s/f and two metal storage sheds of a total of 950 s/f.
The delivery and service fleet vehicles are new and have professionally applied designed artwork.
The storage/warehouse areas have high bay storage shelving which can handle the one million dollars of inventory.
Market Outlook / Competition
The simple answer is Florida is all about grow, grow, and grow. The company is located in a hot community for both new construction and major remodeling of residence and commercial properties. The competitions' stores don't have the expanded showrooms, staff, certified lighting designers to attract the new home customers. Secondarily, the competition companies do not have the historical working connections with the major home builders.
Opportunities for Growth
There is one very quick generator of increase sales is to offer credit card sales (Currently Cash Only). Secondly, important, is offer internet sales and shipping. Third: There are very little sales in landscaping Lighting and non-residential buildings.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
9,000
About the Sale
Seller Motivation
Because the seller can financially retire and comfortably relax!
Transition Support
The Seller will be available for assistance for a professional administrative transition. The staff is prepared to handle the daily production of sales, service, designing, and installations. Many employees have tenured with over five years with the company. The seller will be directly responsible to introduce the buyer to all the major builder customers.
Financing Options
Acc't Rec. are included in price.
Listing Info
ID
2303704
Listing Views
581

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Business Listed by: AJohn Richwine MarketPoint Advisors

Listing ID: 2303704 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 of Use. Learn how to avoid scams.