Great Storage Systems, Remodeled Spaces, Closets & Garages East TN

East Tennessee

Asking Price: $825,000

Cash Flow: $342,000

Gross Revenue: $1,600,000

Business Description

Listing Highlights:  The business is a multi-faceted  home organization business. They represent a complete line of home organization solutions, for all kinds of budgets, working closely with builders, re-modelers, interior designers, realtors and homeowners.  This is a very specialized business that can improve, organize and reconfigure pantries, garages, basements, closets, laundry rooms, and home offices or guest bedrooms. Their experienced team all serve to improve your lifestyle and your home’s value BEST REASONS FOR ACQUIRING THIS COMPANY
  • Well-run business, with steady growth from excellent products, an outstanding reputation for excellent service, very experienced sales, service and installation professionals, and long-term relationships with builders, interior designers, realtors, remodeling companies etc.
  • This business will be relatively turnkey with a new owner being very able to learn the business from the cross trained seasoned staff and long history of quoting, designing and implementing a huge number of varied projects over the years.
  • There is good upside potential for a new owner wanting to push the website add a larger sales team or even expand to other locations. Finally, there could be the potential to franchise this business.
  • Excellent client payment terms (few receivables)
  • Limited Inventory to carry given custom ordering for projects. Good payment terms.
  • Location/demographics is strong, and the community is growing with many people relocating to the area
  • It is not a franchise, so the buyer is free to change the road-map. Also, no royalties or required advertising fees!
  • Considered a desirable and fun business . . . everybody is delighted with these home improvements
************************************************************************************************************** FACILITY/LEASE/LOCATION The showroom is located in a center that is very well maintained and is fully occupied with a variety of tenants.  The location is very conveniently located near a major city and just off of  the highway.  The shop is beautifully decorated, showcasing several design spaces, hardware, and lighting options and is a great place for designers and sale staff to work with clients with design books, online tools and in store visuals/samples etc.  Additionally, there are several private office areas and storage for examples and samples.   The Showroom has ample space and plenty of parking.  There is also a warehouse with room to store vehicles and product. The leases expire in the next couple of years but are extendable.  The combined monthly rent is reasonable for the area. ******************************************************************************************* TRAINING & TRANSITION The owner is  flexible and open to discussing training and transition terms and timelines with the Buyer.   The staff is cross trained to handle everything required to run the business.  The Owner is also willing to stay on as a sales consultant on flexible terms, should that be of interest to a prospective buyer. ****************************************************************************8 COMPETITION This is the most experienced and largest dealer in the area and because it is not a franchise, there are no additional fees passed along to their customers so they can offer reasonable pricing as well.  Other companies in the area are not a threat with slightly different focus and scale. ************************************************************************ GROWTH & EXPANSION There is good upside potential for a new owner wanting to push the website opportunities, add a larger sales team or even expand to other locations.  Finally, there could be the potential to franchise this business.    ******************************************************************** KEY 2018 FINANCIAL STATISTICS:   Revenue:  $1.6 million;    Cash Flow:  $342,000;    Profit Margin (Cash Flow/Revenue):  22%;  ******************************************************* Limited receivables and inventory to manage.   To receive a more detailed Confidential Information Memorandum on this fantastic opportunity, please complete the attached NDA and Personal Financial Statement and return it by email to Karen Schorkopf (karen@TennBusinessBrokers.com).   Karen Schorkopf Senior Business Broker & M&A Advisor Affiliate Broker of Alliant Capital Advisors-The Listing Broker 5214 Maryland Way, Suite 300 Brentwood, TN  37027 615-519-5156 karen@TennBusinessBrokers.com www.TennBusinessBrokers.com

This listing was added 06/10/2019

The Listing Broker

(615)-519-5156

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