Home Decorating Center

Retail - Miscellaneous Retail | Retail - Blding Mat., Hardware, Garden

Asking Price	$150,000	Inventory	$70,000**
Gross Income	$650,000	Real Estate	$505,000**
Cash Flow	$110,000	Year Established	N/A
FF&E	$40,000*	Employees	9

* included in the asking price

** not included in the asking price

This fashionable, well-established decorating center is located in one of Maine s scenic and popular lakes regions. It serves its regional market with flooring, paint, wallpaper and window treatments. The business is primarily designing and selling. Subcontractors are used to do most installations. The market is that of middle and high income homeowners, many of whom own year-round and/or seasonal lakefront properties. The surrounding area is booming in the summers and in ski season. The business employs four full-time and five part-time. It uses several sub-contractors. The current owner is selling to retire, but will stay with the business for a lengthy transition if desired. The real estate is also available for acquisition or may be leased.

Facilities: The business occupies a uniquely attractive 4,500 sq. ft. retail space off two major highways. It also has additional office, storage and warehouse space. The real estate is available for acquisition or may be leased.

Competition: The business is well-located and there is a significant demand in the area for high-end home decorating. Many wealthy people live in the area and others have vacation homes nearby. A full range of quality brand-name products and personal customer service set this business apart from its competition.

Growth/Expansion: The owner of the business has several areas of improvement that a new owner can pursue to bring new growth to this well established business. Two examples are that the business website can be improved and a computerized database can be initiated to solicit potential customers.

Financing: $100K seller; $150K bank. $70K for Inv & $50K working capital needed.

Support/Training: Transition training will be provided.

Reason Selling: After many years of owning the business, the seller wishes to finally retire.