*In Escrow* 56% ROI Lighting Biz 75yrs+ Business
Temple City, CA Los Angeles County
Asking Price:
$300,000
Annual Revenue:
$830,000
Request More Information Contact the Seller
- RE: *In Escrow* 56% ROI Lighting Biz 75yrs+ Business
- Contact: Betty Jong
- License #: 1484102
Quick Facts
| Asking Price: | $300,000 | |
| Annual Revenue: | $830,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $193,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1950 | |
| Employees: | 9 | |
| BBN Listing #: | 951147 | |
| Broker Reference #: | BIZEX1296-BJ |
Business Overview:
Key-Value Drivers:
- Family-owned businessfor75+ years, same location
- SBA approved with low interest rates.
- Loyal customerswith high retention and referrals
- Low rent, low maintenance, andlong lease term
- Inventory valued at$700k - $1M estimated included
- No competitorswithin 30 miles
Why Invest?
- Legacy & Stability: 75+ years in the same prime location.
- Strong Customer Base: Loyal clientele with steady repeat business.
- Financially Attractive: Low overhead costs with low rent and maintenance.
- Turnkey Operation: Includes $700k - $1M worth of inventory.
- Exclusive Market: No direct competitors within a 10-mile radius.
Business Highlights:
- Premium Products: High margins on premium lighting products.
- Optimized Showrooms: Designed to appeal to both professionals and consumers.
- Strong Relationships: Established connections with architects, contractors, designers, and electricians.
- Loyalty Program: Maintains strong business relationships and customer loyalty.
Growth Opportunities:
- E-commerce Expansion: Set up an online store to significantly increase revenue.
- Market Optimism: Favorable housing market and mortgage rates expected to drive growth in 2020.
Reason for Sale:
- Owner Retirement: Owner retiring after 75 successful years.
- Pre-COVID Value: Original asking price was $1.5M before COVID-19.
- Resilient Performance: Sales and revenue have remained steady despite the pandemic.
- Urgent Sale: Due to family reasons and the need to retire, offering a unique opportunity for a new buyer.
Don't miss this amazing opportunity to own a well-established, innovative lighting retailer in the upscale West Coast markets!
For more questions please contact Betty Jong at 310-228-7888 Bjong@Bizex.net
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Reason for Selling:
FamilyAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more California businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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