SOLD!
Details
Asking Price: |
$600,000 |
Annual Sales: |
$1,050,000 |
Cash Flow: |
$200,000 |
Inventory: | |
FF&E: | TBD |
Real Estate: | N/A |
Employees: | 5 FT 1 PT |
Location: | Front Range |
Reason For Sale: | Retirement |
Business Description
This well-established firm specializes in interior design, staging and remodeling services for both residential and commercial spaces. Sales of home décor, accessories, and furniture to clientele for which they provide services are a seamless addition and compliment revenue streams. A strong basis of repeat clients including realtors, contractors, and homeowners, also provide steady referrals resulting in minimal advertising efforts by the seller. The immediate service area encompasses a large and growing population of broad demographics, including high-net-worth owners of luxury residential and commercial properties. The company’s geographical reach is much larger with clients and projects throughout the country, for which they have developed systems for working remotely.
The company is fully staffed for current work volume with capacity to expand. All employees have been well trained by the seller to operate autonomously in management of their own projects, clients, and design work with very little oversight. Incentives are in place for employees to generate additional client leads and product sales.
The diverse services, product offerings and reputation of this company have positioned it well for growth in various directions. An owner-operator could expand on current services as they desire, or the company could serve as a great “bolt-on” to an existing construction or real estate business by a strategic buyer.
The seller is ready to retire and looking forward to their next venture. A hand-off period will be provided, and an extended role may be considered by seller.
FF&E includes product samples, furnishings for staging, office furniture and equipment. The office space is not being offered as part of the sale and the business will need to be relocated within an agreed upon timeframe.
Represented by Tre Scott. Tell me more about this business.