Interior Design and Products Business in the West Loop

Chicago, IL (Cook County)

Image of Showroom
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Asking Price: $425,000

Cash Flow: N/A

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $5,000

Inventory: $25,000

Rent: $3,250 /Month

Established: 2007

Interior Design and Products Business in the West Loop

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Business Description

Well-Established, Highly Profitable Business with Beautiful Showroom

Interior Design and decor product business in the trendy and desirable West Loop neighborhood of Chicago. Industry-leading professional services and retail sales of niche-market materials for the remodeling, renovation and new-construction segment. Actual installation and remodel work is outsourced to subcontractors, which assures seamless tranasition for anyone with general management experience.

Established and known brand with 11 year record and a positive online reputation, especially on Yelp and Google. Since our inception, we have been featured in Modern Luxury, CNN, HGTV's "Kitchen Crashers", Crain's Chicago Business, WTTW, Chicago Magazine, and the Washington Post.

Detailed Information

Location:
Chicago, IL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,700
Lease Expiration:
4/30/2020
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Below-market rent on 2700 sq.ft. "loft-space" showroom which has been featured in a coffee-table book on store design. Professionally designed lighting with 50 track lights and two dozen CFL fixtures. Equipment: two Dell commercial PCs running Intel i7 processors, 20GB RAM, SSD hard drives and discreet video graphics cards running two licensed copies of Chief Architect; one Lenovo PC to run licensed copy of QuickBooks; Buffalo RAID Shared Storage Drive; large-format OKI color laser printer; Sharp MPC fax/copier/scanner. Inventory of approx. $25K.
Competition:
Niche specialty market, little competition in this space. We have purposely restricted our product offerings to not compete with "big box" stores, as their volume pricing is hard to match.
Growth & Expansion:
While having impressive results over the years, there is ample room for growth. Substantial potential to grow revenues by launching highly targeted SEO and Pay Per Click advertising campaigns, as well as more active participation in trade groups specializing in the remodeling industry. Partnering with Realtors and Insurance Agents specializing in buyers of homes that need renovation.
Support & Training:
Owners committed to ongoing success of the business and will train new owners how to run it for 60 - 90 days to ensure a successful transition.
Reason for Selling:
Retirement.
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Business Listed By:
WILLIAM HOMER

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