Gorgeous Lighting and Accessory Store
- Listing Id: 6816
- Broker Name: Larry Wilson
- Category: Furniture and Home Decorating
- Asking Price: $795,000.00
- EBITDA: N/A
- Real Estate: N/A
- Cash Flow: $446,000.00
- Inventory: $280,000.00
- No. Of Full-Time Employees: 6
- No. Of Part-Time Employees: N/A
- Gross Income: $2,684,000.00
- FF&E: N/A
- Year Built: 2006
- Address: Click Here
- Zip Code: Click Here
- City: Sarasota
- State: FL
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Remarkable business offered at 1.79 times cash flow. Mid-upper end lighting and accessories store located in rapidly growing area in the greater Sarasota area.The sale of existing homes and housing market in general has taken off and home owners are rapidly upgrading their homes and this business is perfectly situated to capitalize on the growth in demand. This is a higher end lighting store in one of Florida's fastest growing and most beautiful areas. There are currently 10,000 new homes being constructed in the business's direct market area. Very professionally run business enjoys excellent relationships with home builders in the area. Business has strong talented in-house professional designers to assist customers with planning, blueprinting and lighting configurations etc. Owner is retiring but has indicated a willingness to remain on for a sustained period to ensure a seamless transition.
Financial Summary
N/A
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