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Bathroom/Tile Showroom In Kings County For Sale

Kings County, New York, US
Asking Price:
$1,000,000
Sales Revenue:
$5,000,000
Cash Flow:
$500,000

The owner of this Brooklyn-based Bathroom Fixtures & Tile. Showroom started it from scratch 14 years ago. Now, 60% of his revenues come from six other names under which he sells these products as a highly rated authorized dealer on Amazon and Ebay. Most products that are sold from those sites are drop shipped. Both the brick & mortar showroom and e-commerce sides of the business are included in the $600K asking price. The showroom, which accounts for 40% of total sales, contains 2,500 sq ft at street level, with another 1,000 sq ft of gallery space on the second floor. The lease runs for another 5 years. The rent is just $5,000 per month and escalates at only 1% per year. There is also a 4,000 sq ft warehouse in Newark, NJ, from which everything that is not dropped shipped is stored and then sent out. The $200K in annual owner's discretionary cash flow comes after all business expenses are taken into account. The seller suggests that, besides Amazon and Ebay, there are similar e-commerce growth opportunities with the likes of Walmart and Wayfair. He would now like to do something different after running this business for 14 years, but not before providing you with all the transitional support & training you will need to feel confident running the business yourself. Please do not speak with anyone while visiting the showroom, as the employees and customers do not know it's for sale. Contact the listing broker, Eli Stiefel, to make an appointment to meet with the seller to ask questions and get a full tour of the facilities. Please call for further information or email the broker.

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-31911 for instant access to this business information.

Business Operation

Reasons for selling:

New ventures

Employees:
4FT
Years established:
2005

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

500,000.00 Down & The seller is willing to provide up to $500K in financing at 7% over 24 months. Inventory is Not Included in Asking Price.

Furniture / Fixtures value:
$100,000
Inventory / Stock value:
$400,000

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