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Profitable Fabric and Design Business – Lender Pre-Approved!!

OH

Seller Financing Available
Profitable Fabric and Design Business – Lender Pre-Approved!!
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Asking Price: $340,000

Cash Flow: $131,573

Gross Revenue: $718,179

EBITDA: N/A

FF&E: $114,990

Inventory: $146,099

Rent: $4,106.66 /Month

Established: 1971

Profitable Fabric and Design Business – Lender Pre-Approved!!

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Business Description

Nearly 50 Year Old Business!!!

For almost 50 years this outstanding business has been serving the Ohio market with their retail business. In 2005 they added an online distribution option and are currently servicing clients in all 50 states through their e-commerce channel.

Products the business offers: drapery and upholstery fabrics, decorative trims, pillow forms, foam and batting, drapery supplies, upholstery supplies and tools, sewing notions. Additional services include furniture re-upholstery, cushion re-stuffing, cushions and window seats, custom pillows, bedding, window treatments, measuring and installation, pickup and delivery.

The business employs 4 part time and 2 full time employees; which includes an Office Manager. The current owners are willing support the buyer training but are looking forward to enjoying retirement and traveling to see family and friends.

The primary financial addbacks include owner compensation, and EBITDA addbacks. A detailed confidential business review is available after the completion of a non-disclosure agreement and buyer profile (or other proof of funds statement).

The business is SBA Lender Pre-Approved at full list price by multiple lenders. Lender Pre-Approval information is available upon request

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
8,000
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business was founded 1971 and sold to the current owners in in 1997. The current owners are the third to own the business. The store relocated in 2004. The move increased the stores square footage by 33% which allowed for increased selection of in-stock fabrics, special order fabrics, and to create an upholstery shop in the back of the store.
Competition:
1 Local competitor and multiple online competitors
Financing:
51000.00
Support & Training:
2 weeks
Reason for Selling:
retiring
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Jason Poot, CBI

Business Listed By:
Jason Poot

Transworld Buisness Advisors of Columbus

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in the Ohio Business Brokers Association (OBBA).

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