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Lighting Supply And Design Business Retail Showroom In New Haven County For Sale

New Haven County, Connecticut, US
Asking Price:
$200,000 Furniture / Fixtures included
Sales Revenue:
$520,000
Cash Flow:
$60,000

This is a highly professional lighting & design business with an attractive and very functional lighting fixture and accessory showroom displaying over 3000 sq. ft. of fixtures, lamps, and home accessories. The multi-award-winning showroom is well recognized for its level of expertise in matching lighting design and products with client's needs. It is conveniently located with parking in a desirable area and has an excellent landlord. The business is well positioned to be taken to the next level and is seeing continued growth.

In addition to supplying all kinds of lighting fixtures and accessories from a multitude of manufacturers, the business offers expert lighting design services to assist customers with building or remodeling projects, replacing or upgrading existing fixtures, planning landscape lighting, and more. The business is also a resource for interior designers, architects, and contractors, helping them focus on their clients' lighting needs and adding value to their services.

The showroom has been established for 3+ years and has strong growth potential built on a high level of professional service and networking with industry professionals in construction, design, and real estate. The owner runs the business day-to-day with full-time and part-time support staff. The seller will stay on short- or long-term to help manage the business for a new owner in a capacity that meets the new owner's needs.

Property Information

Real Estate:

Lease

Lease Terms:

Renewal lease, favorable landlord

Leasehold Rent:

$58,800 per annum

Premises Details:

Retail Showroom with parking and easy access

Size in square feet:
3,200

Business Operation

Expansion Potential:

Excellent growth potential with solid reputation for quality products and professional service

Reasons for selling:

Selling because owner does not have the energy to move the business to the next

Trading hours:

5 days a week and by appt.

Employees:
2 p/t
Years established:
2021

Other Information

Support & training:

Seller will stay on after the sale to help a buyer manage the company as needed and to transfer lighting and design knowledge, connections, and resources. A lot of time and effort went into establishing this business at a high professional level and it is now positioned to see big growth.

Financing available:

some terms may be available for a qualified buyer on the inventory.

Furniture / Fixtures value:
$50,000 - included in the asking price
Inventory / Stock value:
$250,000