A leading wholesale and retail distribution business serving both the domestic and international markets. Its principal business is the sale and distribution of end user fixtures for the domestic residential market. The company imports its entire product line and has exclusive agreements with manufacturers within its contracted territories in Florida. Products are sold in 4 different ways: (a) Direct to consumer via company owned retail stores (retail); (b) Direct to consumer-online (retail); (c) Direct to trade (wholesale) and (d) Direct to consumer via licensed stores. A full management team is in place with a General Manager overseeing the retail stores and the warehouse operation, in house accounting department is utilized as well. The company business model produces a diversification of income stream as well as a depth of management team that allows the business to operate and flourish with or without the owner’s day to day presence. Extensive line of products that are exclusive in the industry making its position in the market place unique. This separates the company from its competitors in design, quality and price. This 20 year old company has enjoyed annual growth and is ready for the fresh leadership of new management. Seller will consider a post-closing non-equity consulting agreement. Comprehensive Offering Memorandum (CIM) with full financials ready for review. All parties to prequalify with BIO, CV, PFS as required by Broker.
- Asking Price:
- $10,995,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $8,360,774
- Cash Flow:
- $1,707,689
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
30k SF office/warehouse @ $50,988/mo.
- Location:
-
South Florida
- Premises Details:
-
30k SF office/warehouse @ $50,988/mo.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Unlimited
- Competition / Market:
-
Unknown
- Reasons for selling:
-
Professional objectives met/other business interests
- Trading hours:
-
M-F; 9A-5:30P; Sat; 9:30a-4:30p
- Employees:
- 16
- Years established:
- 20
Other Information
- Support & training:
-
Seller will train for 12 weeks
- Furniture / Fixtures value:
- $340,000 - included in the asking price
- Inventory / Stock value:
- $1,440,000 - included in the asking price
