Retail Lighting & Wholesale
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1608949
Net Profit / Cash Flow $258000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1984
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Seller 1 weeks for 40 hours / week.
Reason for Sale Illness.
Description Buy $258,000 '08 earnings, $1.6 million '08 sales, & $500,000 in inventory for $120,000 down - hold & manage for turnaround to prior $3.6 million sales & $2 million gross profit margin levels! Live in the San Diego Riveria. Visit Italian and Spanish rRveria yearly while shopping for the most elegant lighting fixtures in the world for your very high end clientele - enjoy the best of both worlds. Elite clientele for your high end lighting fixtures include hotels, casinos, and the homes of La Jolla, Del Mar, and Rancho Santa Fe.
Seller's loss can be your gain. Parkinson's limits physical mobility in a great mind - trapped in a less responsive body. Plus a dishonest bookkeeper and a dispute with a manager leaves seller ''fed up''. Act now - before seller decides to take a further loss and just liquidate. This business was doing $3.6 million sales, with 2.2 mark-up ($1.6m cgs & $2.0m gpm). Active and knowledgeable entrepreneur is required to take charge. Resume Sunday selling and longer hours. Add another outside sales person. Grow - with a fall back safety net. 2008 mark-up on inventory was down to 1.8. Replacement cost for leasehold improvements is $500,000.
Sba lender bank prequalifies deal for 80% financing in this market! Alternative seller financing: seller believes in business, and will carry $250,000 note with $350,000 down payment for the balance. For more information on this Lighting business for sale, please email or call Joe Gertz at (858) 945-5700.
Click Here To Contact Seller
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