For over a quarter of a century, this esteemed lighting distributor has been a pivotal partner in illuminating the spaces of property management firms, hospitality venues, and electrical contractors. Renowned for its sterling reputation, this business stands as a beacon of reliability and quality in the lighting industry. It offers an incredibly affordable lease, making it a financially attractive opportunity. The real allure lies in its vast potential for growth, awaiting a visionary new owner keen to expand and elevate this luminous enterprise. Seize this chance to own a business that's not just successful but shines bright with possibilities.
- Asking Price:
- $215,911 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $637,205
- Cash Flow:
- $88,247
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly Rent: $700.00
Square Units (Foot, Meter): 900
Lease Expiration Date: December 30, 2023, 9:00:00 PM
Business Operation
- Expansion Potential:
-
This business presents multiple opportunities for significant growth and value enhancement. Firstly, achieving a modest increase in gross revenue to just over $1 million annually could elevate the earnings multiple from 2.22 to 3.16 and the EBITDA multiple from 3.98 to 6.84, marking a notable increase in value.
One key strategy is the addition of dedicated sales staff. An inside salesperson could effectively handle customer inquiries and job bids, while an outside salesperson, following established routes, could consistently engage with potential clients.
Another promising avenue is strengthening relationships with existing property management companies. By leveraging our established track record and focusing on each property in their portfolios, we can significantly extend our business reach.
Moreover, establishing an online presence for product sales, including options for retail purchasing and drop shipping, opens up a new sales channel. Additionally, diversifying our product line to include maintenance supplies, similar to HD Supply, offers another path for expansion.
We also see potential in reinvigorating market penetration, particularly in the hospitality sector, which is rebounding post-COVID with increasing revenues and capital improvement projects.
Finally, geographic expansion, especially in Northern Virginia's Loudoun County, presents opportunities with new construction projects. Engaging a contractor for turn-key project sales could be a game-changer.
In summary, these strategies collectively provide a robust framework for growth, promising an optimistic and lucrative future for this business.
- Reasons for selling:
-
Retiring
- Trading hours:
-
7AM - 5PM M-F
- Employees:
- 1
- Years established:
- 17
Other Information
- Support & training:
-
Number of Weeks Seller Will Offer Training: 2
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Furniture / Fixtures value:
- $5,000 - included in the asking price
- Inventory / Stock value:
- $36,183 - included in the asking price
- Relocatable:
- This business can be relocated.
