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Independent Coastal Supplier Of Diverse Workspace Storage Solutions In North Carolina For Sale

North Carolina, US
Asking Price:
$760,000 Furniture / Fixtures included
Sales Revenue:
$1,489,131
Cash Flow:
$253,899

This business provides a wide range of high-quality storage, organizational, and workspace solutions to both residential and commercial clients locally as well as nationally and online.

The owners have built a large clientele, including federal and state governments, local municipalities, medical/hospital/research labs, as well as industrial, and manufacturing sectors.

The business also provides a range of applications for residential garages (including workshops), home office spaces, attics, sheds, laundry/mudrooms, and closets. Another residential product category offered to residential clients are fixed and retractable screens, shades, and awnings.

The business sells stock, semi-stock, and fully custom cabinets, work surfaces, and shelving. They also install the highest quality epoxy floor coating solutions in hundreds of different colors and textures.

The business is a supplier and distributor of industry-related products, some of which they hold in protected territory.

The unique product mix, vendor redundancy, distribution capabilities, installation, and service lines provide the owners with a diverse, high-margin income stream.

The business was founded in 2006 by a husband-and-wife team ready to retire.

Property Information

Real Estate:

Lease

Leasehold Rent:

$16,800 per annum

Location:

The business operates out of leased commercial space with good signage and frontage on a major thoroughfare with adequate parking. Within the facility are multiple showrooms that display many of the available products, colors and finishes available. There is also a workshop and warehouse for staging and preparing jobs for delivery and installation.

The leased location is currently listed for sale.

Size in square feet:
1,500

Business Operation

Expansion Potential:

The business is well positioned for growth having the tools/equipment and tow vehicle/trailer to double capacity. A new energetic owner could choose to increase the number of products even further, undertake marketing in a larger geographic area, and/or increase participation in tradeshows and home shows. The new owner could also open a retail showroom location selling accessories and complete installations direct to consumer.

Competition / Market:

This business provides a complimentary range of products, installation and service that is difficult to match which has resulted in sales to clients across the country. A true "one stop shop" for most projects short only of electrical and plumbing when required.

Reasons for selling:

Retirement

Trading hours:

M – F 8 – 5. Showroom by appointment

Employees:
5
Years established:
15

Other Information

Support & training:

Sellers will provide up to 80 hours of transition support at no additional cost. Additional transition assistance my be negotiated.

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

Seller is willing to participate in SBA seller financing up to 10% - only if required by SBA (which has not been required since 12/2018).

Furniture / Fixtures value:
$110,073 - included in the asking price
Inventory / Stock value:
$33,992
Related Documents:
Relocatable:
This business can be relocated.