Lighting Fixtures /Architectural Lighting -Design and Installations, High End Products, NY State

Price: $1,350,000

Location: White Plains, NY

Industry: Retail

Listing ID: 03082022

This is a successful and well-established premier lighting sales and design business providing high-end quality products and professional design services for residential and commercial clients. The company operates out of a beautiful space, professionally built with an onsite 2,600 sqft showroom. The collections in the showroom are rotated 4 times a year. The business features a state-of-the-art lighting laboratory that provides clients with options, upgrades, repairs, energy efficient products etc.

Established in 1973, and benefits from an excellent reputation for high quality work. Open 5 days a week.

The business is priced to sell. Seller will provide-hands on training to ensure a smooth transition. The seller is seeking retirement.

For more information, please contact: msussman@inbargroup.com

• Asking Price: $1,350,000
• Annual Cash Flow: $450,000
• Gross Revenue: $2,900,000
• Inventory: $700,000
• Work in process: $800,000
• Employees: 11 FT
• Monthly Rent: $6,500
• Security Deposit: $13,000
• Payroll: $425,000
• Down Payment: Negotiable
• Open: 5 Days a week
• Building Size: 2,600 Sq Ft.
• Established: 1973

Listing Details

Gross Revenue: $2,900,000

Cash Flow: $450,000

Inventory: $700,000

Reason For Sale:

Seller is seeking retirement.

Training & Support:

Seller will train and support to ensure a smooth transition.

Operation

Year Established: 1973

Days & Hours of Operation: 5 Days

Non-Owner Payroll: $425,000

Employees: 11 FT

Location

Security on Lease: 13000

Monthly Rent: 6500

Type of Location: Single Location.

Square Footage: 2600

Summary

Potential Growth:

There is plenty of room for potential growth and expansion.