This is a very reputable, long established custom closet and window blind business with a convenient retail showroom, including build/prep space, in northern Hartford County, CT. They serve the entire state of Connecticut as well as parts of Massachusetts. The business generates revenues marketing its retail location, websites, and through a few in-store arrangement with a big box retailer. The business runs with the owner, a couple of sales and admin employees, two lead installers and one other installer that do all the prep and install work. It is a highly expandable business geographically.
They offer a wide array of highly popular custom closets & accessories for all types of commercial and residential spaces, including bedrooms, basements, pantries, laundry rooms, offices, garages, and other spaces, providing organization solutions for customers along with build and install services. They also offer custom window blinds to the same markets.
The business has been successful for many years, it has a great reputation to build on.
• Gross Revenues: $1,250,000
• Annual Cash Flow: $ 135,000
• Sell Price: $ 499,000
• Inventory: $ T.B. D. (not including, minimal)
• FF&E: $75,000 (2 vehicles, store displays, office furniture & equipment, tools),
The seller manages the business, spending about 35 hours a week split between the office and in-homes verifying measurements and order details. He is looking to exit the business and plan for retirement. A new owner has a few options for running the business day to day. It can also be run semi-absentee, or the income can be improved with direct involvement. The business has very good growth potential for an individual owner, and it would also make an excellent home services addition for a general contractor.
