Situated in South Central Florida, this add-on business offers specialized light fixtures plus a wide range of related products, accessories, and repair services; from fans, bulbs, mirrors, lamps, & shades to fitting/assortment services and more. The center of operations is a prime retail location measuring 8,000 square feet that includes a state-of-the-art showroom of up to 5,600 SF; plus a 2,400 SF backroom for inventory storage and a clerical office.
Just a short road trip away from local tourism, it’s a great place to live. The property is in excellent condition, holding an open-ended tenancy of $3,700 per month. As a debt-free business, profits have increased in the past four years, with growth trends up 13% and total revenues of $908,964 in 2022, alongside discretionary earnings of $91,952 and an EBITDA of $68,199. A skilled team of four non-union employees is most likely to remain post-sale and continue owner-involved processes after a smooth seller transition period of six months with current managerial roles.
With no individual client making more than 4% of the annual income, and their Top Ten summing over 12.2%, the company is flexible for optimizations that carry positive impacts on income, such as new partnership deals. Featuring major brands with their own catalogs and wish lists, a website cart, and looking for exclusive contracts through social media channels like Pinterest could take this to the next level. Boasting high ratings and strong city reputations, opportunities exist with sales reps receiving designer networks that help promote the industry and project steady sales for 2023! Besides their maintained website and engagements online, other promotional efforts utilize advertisements in newspapers, magazines, and signage, relying mainly on word-of-mouth referrals from a large, repeat consumer base. Though the owners have scaled back over the last few years as family matters require their attention, the business has grown. They are happy to point out low-cost optimizations for the new ownership!
