HS Listing ID-62684
Asking Price: $399,999
Annual Figures: 2023
Gross Sales: $615,696
Net Profit: $156,055
Expenses: 2023
Cost of Goods Sold: $236,813
Advertising and Promotion: $16,199
Rent: $78,113
Business Highlights:
- Company in business since 2018
- Great reviews online
- 20% - 25% average net margins each year
- 2 owners are the only employees. Subcontractors for installations.
- Most of the sales are blinds, shades, and shutters (Hunter Douglas)
- Sales also includes fabrics, upholstery, bedding, pillows,
- Triple net lease at $6,500 a month with 2 years left + 5 year option
- 1500 sqft space
- Jobs come from Google, social media, magazine, and newspaper
- They do not keep inventory in stock.
- Completely turn key
- Desks, computers, displays included (Valued around 100K)
- 2020 Dodge Ram Van low miles included (Valued at 25K)
- Projected to do 500K-550K in sales for 2024
- No seller financing available
- SBA fully approved
- Owners are retiring
2023 Addbacks
Pension Employer Portion: $5,000 (money towards retirement)
Meals and Entertainment: $4,718
Owner’s salaries: $129,000
= $138,817
NOI on 2023 P&L: $17,337 + addbacks $138,718
= $156,055 True Net for 2023
2022 Addbacks
Pension Employer Portion: $5,000 (money towards retirement)
Meals and Entertainment: $6,186
Owner’s salaries: $133,000
= $144,186
NOI on 2022 P&L: $14,422 + addbacks $144,186
= $158,508 True Net for 2022
2021 Addbacks
Pension employer Portion: $43,749
Interest: $5,893
Meals and Entertainment: $3,187
Owner’s salaries: $145,500
= $198,329
NOI on 2021 P&L: $139,703 + addbacks $198,329
= $338,032 True Net for 2023
