Seller Financing Available

Asking Price:

$1,799,000

Gross Income:

$341,338

Cash Flow:

$63,620

EBITDA:

$63,620

FF&E:

$154,800.00 *

Inventory:

$290,000.00 *

Real Estate:

$1,178,500.00 *

Year Established:

N/A

Employees:

N/A

Business Types:

Home Furniture & Furnishings
Durable Goods

* included in the asking price

Business Description

Specialty Lighting Showroom and Supply Business

Mountains of Northwest North Carolina

The Lighting Gallery of Banner Elk has operated for several decades. The current owners bought the business in 1999 and built a new 9,600 sq ft building in 2007. This facility is located on HWY 105 only minutes away from the towns of Banner Elk and Boone. The business has been and will continue to be a perfect fit for the huge upper end residential / secondary home market. They carry brands that other stores are unable to due to long-term allegiance with specialty suppliers.

The facility includes a large well-appointed showroom and a contractor supply showroom, with separate entrances. The warehouse has two loading docks. There are multiple offices, restrooms, and even a fully equipped kitchen. The facility comes with approximately $290,000 worth of current inventory (cost) as well as furniture, fixtures, and equipment valued at $154,797 (FMV).

Included in the 9,600 sq ft is an apartment accessible by a private entrance or from the warehouse. This 1600 sq ft apartment includes a kitchen, den, three bedrooms, a full bath, a laundry room, and 1,600 sq ft storage space above the apartment. The apartment makes an amazing owners’ quarters or would be ideal for a rental.

The building could easily be transformed into your DREAM business. The inside space, offices, and multiple entrances would allow this building to meet your every need. The owners are simply retiring to spend more time with their children and grandchildren.

The selling price is based on asset cost/values and the business, real estate, all FF&E and inventory is being offered at a most reasonable

$1,790,000

Call today!