Window Coverings with Real Estate
One of Hawaii’s leading, well-known and very profitable full-service window coverings dealer and upholstery service provider for over 26 years is offered for sale due to the owner’s retirement.
They offer a wide selection of window treatments including draperies, shutters, shades and blinds and superior upholstery services for the residential, rental property and business markets. Their experienced and knowledgeable staff help customers select the perfect window treatment or upholstery fabric for their home, business or rental property. Offering a large selection and professional installation, they will help customers select the best window treatments for their needs; whether for privacy, blocking the sun, or adding that perfect touch of elegance to any room.
The Business has had an excellent track record of growing sales and profits and is a well-recognized and preferred supplier to the Hawaii market. Since 2010 their gross revenue has doubled from over $392,700 to over $784,300 in 2017. In 2017 their owner’s profits (SDE) were over $263,000. And, in 2017 their sales mix was approximately 80% window coverings, 12% upholstery and 8% other.
The Company owns the building that the Business operates in. The SDE has been adjusted to reflect the market lease rental rate so the value of the business reflects this. This offering is for both the business and the real estate. This will allow a buyer to build real estate equity along with business profits, and the combination of a business and real estate loan should be easier and cheaper to finance. The asking price is $615,000 for the business and $460,000 for the real estate.
Gross Revenue: $785,661
Net Revenue: $653,909 (excludes customer deposits)
Total Asking Price: $1,075,000
Real Estate: $460,000
Included Inventory: $1,000
Tangible Assets: $45,000
Non-Compete: 5 years
Training: 2 weeks; 30 hrs./wk.
Sale Reason: Retirement
Owned; Low operating cost Commercial Condo; conveniently located; 1,480 square feet
Top Reasons to Buy This Business
Very long-established brand
Well known and preferred supplier
Excellent brand reputation based on excellent quality and service
Excellent sales revenue growth, double since 2010
High gross margins of over 65% (average last 6 years)
Excellent and growing owner’s profits (“Seller’s Discretionary Earnings”); average 39% over the last 6 years
Easy to operate business
No employees other than the owners; all staff are independent contractors
Includes real estate; build equity instead of paying rent
Purchasing both a business and its associated real estate offers a buyer the opportunity to do a mixed bank loan, that is, one for the Business and one for the Real Estate.This may result in a higher likelihood that the Business can be bank financed.
2017’s owner’s cash flow of over provides enough money to really enjoy living the good life in Hawaii
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