Legacy Lighting, Bath & Furnishings

Queens County, NY

Seller Financing Available
Legacy Lighting, Bath & Furnishings
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Asking Price: $9,000,000

Cash Flow: $1,459,732

Gross Revenue: $6,154,450

EBITDA: N/A

FF&E: $363,582

Inventory: $6,000,000*

Rent: $2,018,772,000 /Month

Established: 1978

*not included in asking price.

Legacy Lighting, Bath & Furnishings

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Business Description

A designer and manufacturer of luxury lighting, bath accessories, washstands, bathtubs, and miscellaneous furnishings. Much of the work is customizing existing products or fabricating new products designed by clients. UL workshop. There’s a beautiful showroom in Manhattan. The company employs very high-end craftsmen and industrial designers. Four dedicated and qualified national reps around the country represent this luxury brand.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
42,000
Lease Expiration:
N/A
Employees:
34
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
In the early 1970's the founder of the company was at the forefront of the nascent salvaging movement; with a collectors eye and entrepreneurial spirit, he positioned the business to capitalize on the burgeoning home restoration movement and growing trend in eclectic home decor, re-imagining architectural remnants in the home environment. The company excels in bringing a fresh perspective to pieces of historical and architectural importance.
Competition:
The company has carved an enviable niche in the design world to become a leading design resource for new lighting, bath furnishings, and tile. It draws inspiration from roots in architectural salvage, summoning designs from the turn of the last century through to the modernist aesthetic of the mid-20th century. Inspired by the creativity and new technology today, new products are part of the collection.
Growth & Expansion:
Expanding the significant B-to-B sector and developing retail locations in high-end locations- specifically California. Currently, there is only one retail location in Manhattan. The owner is open to staying on in a key capacity
Financing:
1000000.00
Support & Training:
4 weeks
Reason for Selling:
retiring
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Carey Davis

Business Listed By:
Carey Davis

Transworld Business Advisors of NY

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Sponsoring Broker:
Transworld Business Advisors

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