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Established Window Covering Business – Previously Contracted $100,000 For Sale

Sarasota, Florida, US
Asking Price:
$59,000
Sales Revenue:
$250K - $500K
Cash Flow:
$50K - $100K

Established Window Covering Business – Previously Under Contract for $100,000

This is a unique opportunity to acquire a long-established window covering business with years of operating history, an existing customer base, industry relationships, and significant potential for the right buyer.

Previously Sold for $100,000

Importantly, this business was recently under agreement to be sold for **$100,000**.

The buyers had committed to the purchase, but at the end of July the transaction was unexpectedly canceled after the buyer's wife experienced a recurrence of cancer. Their decision to withdraw was due to those unfortunate personal circumstances and was not the result of an issue discovered with the business.

As a result, the business has returned to the market.

### The Fire and Why We Are Selling

A year ago, our location suffered a devastating fire that resulted in a total loss. In addition to the physical loss of the location, product associated with customer orders was lost.

Unfortunately, insurance coverage was insufficient to absorb the entire loss.

What followed was an extremely difficult recovery. We continued operating and working to fulfill our responsibilities to customers while carrying the financial burden created by the fire, lost product, and the slower-than-anticipated recovery that followed.

The business survived, but the financial impact of that event continues to make recovery difficult under the current ownership.

### The Owner Is Only Seeking $19,000 Personally

This is perhaps the most important aspect of this sale.

**Of the purchase price, the current owner is seeking only $19,000 personally.**

The remainder is intended primarily to help address outstanding customer/product obligations associated with product lost in the fire and the difficult recovery period that followed.

This is **not an owner attempting to extract the maximum possible cash from the business and walk away.**

Our goal is to resolve the remaining obligations created by an extraordinary event, protect customers wherever possible, and put the underlying business into the hands of a new owner who has the resources and energy to move it forward.

### Why This Could Be an Exceptional Opportunity

Despite what happened, there is substantial value in what was built.

The business has years of operating history in the custom window covering industry, a substantial customer history, established processes and industry knowledge, and a foundation that would take considerable time and money to recreate from scratch.

The fact that another buyer recently agreed to purchase the business for **$100,000** provides additional context for its potential value.

This opportunity could be particularly attractive to an existing blinds and shades company looking to expand, an experienced industry salesperson or installer wanting to become an owner, or an entrepreneur who recognizes the potential of rebuilding an established operation rather than starting at zero.

### A Fresh Start After an Extraordinary Setback

We believe the fire and its aftermath should be viewed separately from the underlying business opportunity.

**The fire created the financial problem. It did not eliminate the value of the business.**

For the right buyer, this is an opportunity to take over an established operation, put the difficult recovery period behind it, and build the next chapter of the company.

Serious prospective buyers will be provided with additional information regarding the company's history, historical sales, the fire and recovery, the previous $100,000 transaction, outstanding obligations, and what is included in the sale.

We are looking for a serious buyer who sees both the history of what was built and the opportunity that remains.

Property Information

Real Estate:

Lease

Lease Terms:

Month to month or annual

Leasehold Rent:

$1,600 per annum

Living Accommodation:

No.

Location:

Sarasota, Florida

Premises Details:

Small location, unfinished, but landlord is fantastic. Month to month available, but would like a new owner to commit to one year.

Size in square feet:
1,200

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

See above. Also, expansion into other areas include hurricane products, mosquito screens and outdoor awnings.

Competition / Market:

Steady competition in the area, but large subdivisions are planned over the next 24 months.

Reasons for selling:

Unable to recover financially, and I moved to Georgia, and the travel has hurt the business.

Trading hours:

10am - 4pm daily

Employees:
2
Years established:
2014

Other Information

Support & training:

4 weeks training, additional help available for sales and service with agreed upon wage for up to six months.

Furniture / Fixtures value:
$2,500
Inventory / Stock value:
$1,000
Relocatable:
This business can be relocated
Distressed:
This business is a turnaround opportunity