Lighting Supply & Design Business, Retail Showroom
Price: $200,000
Location: New Haven County, CT
Industry: Retail
Listing ID: P103023
In addition to supplying all kinds of lighting fixtures and accessories from a multitude of manufacturers, the business offers expert lighting design services to assist customers with building or remodeling projects, with replacing or upgrading existing fixtures, planning landscape lighting, and more. The business is also a resource for interior designers, architects, and contractors, helping them focus on their clients’ lighting needs and adding value to their services.
The showroom is established for 3+ years and has a strong growth potential built on a high level of professional service and networking with industry professionals in construction, design, and real estate. The owner runs the business day to day with full and part time support staff. Seller will stay on short or longer term to help manage the business for a new owner in a capacity that meets a new owner’s needs.
Listing Details
Gross Revenue: $520,000
Cash Flow: $60,000
FFE: $50,000 (Included in Price)
Inventory: $250,000
Terms and Conditions?:
Some seller terms may be available on the inventory for a qualified buyer
Reason For Sale:
Selling because owner does not have the energy to move the business to the next
Training & Support:
Seller will stay on after the sale to help a buyer manage the company as needed and to transfer lighting and design knowledge, connections, and resources. A lot of time and effort went into establishing this business at a high professional level and it is now positioned to see big growth.
Operation
Year Established: 2021
Days & Hours of Operation: Tues - Sat 10 am to 5 pm, Sun/Mon by appt.
Owner Hours Per Week: 40
Employees: 2
Managers: Owner managed
Location
Monthly Rent: 4900
Type of Location: Retail Showroom
Square Footage: 3200
Facilities Information:
The retail showroom is very well designed, both attractive and very functional for displaying product lines, various types of lighting, lamps, accessories and educational aspects of lighting design to help customers understand the different types of lighting and how they may work with their applications and needs as well as a work room for shipping, receiving, and product assembly. Business comes fully stocked and equipped.
Summary
Owner Qualifications:
Current owner is a certified lighting professional and can offer strong insight into customer service, inventory management, design services, marketing, and more.
Potential Growth:
big growth possible with continued marketing and networking. Seller has done an excellent job of creating a highly professional image and reputation for personal service.