Internet Based Home Furnishings
Location Connecticut,United States
Asking Price Range $250K - $500K
Gross Revenues $450000
Net Profit / Cash Flow $90000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2003
Number of Employees 1 - 3
Inventory 80000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training As needed.
Reason for Sale Personal.
Description Owner took time out from his corporate job in an attempt to solve one of the bothersome issues in home decoration. It is a cosmetic solution for high end homes. He had the design engineered and patented. Built a beautiful and very functional interactive web site. His manufacturing sources were developed. First year revenue was beyond expectations at over $300,000. During 2006 he stopped taking orders to reengineered the manufacturing process in a much more efficient manner. Reopened in 2007 he has been averaging $48,000/month. Margin is 20%. With the product and process essentially complete this business is run with an assistant taking orders and helping customers with the web site. The owner completes the product, packs it and ships it. Owners time each week is 20 hours. The distribution is primarily through high end home magazines but could be expanded through other channels. Asking $300,000. Email or call 203-209-0004 for more information on this Internet Based Home Furnishing business for sale.
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