This business specializes in the sale and service of custom crystal chandeliers and related parts and accessories. Approximately 60% of the sales are retail customers and 40% is for commercial accounts such as hotels, churches, and office buildings. They also do special design chandeliers that are made with the customers' specific requirements, any size and style. The company has the largest showroom and inventory in the Houston Metro area. The inventory consist of crystal chandeliers, alabaster chandeliers, pendants, flush mount lighting, wall sconces, table lamps, floor lamps, crystal spot lights, and related parts. The owner died last year and his family has been operating the business on a part-time basis. The is located in a business park on the Southwest Frwy. with ample parking. The shop has a large showroom, office, and shop area. The business has inventory of over $500,000 at cost, but is included in the selling price at $207,000. A long term lease of the property is available or the inventory could be moved to another location. There is a contractor who will stay with the business and has experience in assembling and installing chandeliers.
- Asking Price:
- $275,000 Inventory / Stock included
- Sales Revenue:
- $180,000
- Cash Flow:
- $52,950
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
New lease is available.
- Leasehold Rent:
-
$79,200 per annum
- Premises Details:
-
The facilities include a large show room, a shop area, and a storage area.
- Size in square feet:
- 500
Business Operation
- Expansion Potential:
-
This business could either be added to an existing full service lighting company or expand the current business to include household lighting fixtures.
- Reasons for selling:
-
Death of owner.
- Trading hours:
-
Now being operated by appointment only.
- Employees:
- 1
- Years established:
- 1989
Other Information
- Support & training:
-
As needed
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$110,000 cash down. Seller Note for $165,000 payable over 5 yrs. @ 6% interest = $3,189.91.
- Furniture / Fixtures value:
- $68,000
- Inventory / Stock value:
- $207,000 - included in the asking price
- Relocatable:
- This business can be relocated.
- Distressed:
- This business is a turnaround opportunity.
