Window Treatment & Home Furnishings Business For Sale in Bergen County

Bergen County, NJ

1
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Asking Price: $85,000

Cash Flow: $28,761

Gross Revenue: $534,409

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,000 /Month

Established: 2009

Window Treatment & Home Furnishings Business For Sale in Bergen County

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Business Description

Excerpt from website:
At Valley Window Fashions, you will find inspiration for great window coverings from great people who have the knowledge and expertise to help you put it all together.

We proudly serve Westwood, New Jersey and the surrounding area. Since we're locally owned and operated, we take our long-term commitment to the community seriously, and we are proud of the professional products and services we provide.

Facts about the business:
- Turn-key operation, which was formed in 2009
- The hours of operation are:
- M-F 10:00am-5:00pm, Sat 10:00am-4:00pm, Sun/Evenings by appointment
- Size of store: 1800 square feet with an office and storage area
- There is a shared parking lot, with street parking also available
- A new lease will be given upon transfer of ownership (currently month to month)
- The current location opened in 2015 – showroom with over $40,000 of leasehold improvements --- decorating, shelving displays, hand samples, fabric library
- Client list of 750+ customers; organized operation with great vendor relationships
- Owner works about 30 hours per week
- 3 part-time employees @ $12/hr all work 7 hour shifts on their scheduled days
- PT #1 = 3 days, PT #2 = 1 day, PT #3 = 2 days

Services offered:
- Design, Consultation, Sales, & Installation of Hard and Soft Window Treatments
- Fabric
- Reupholstery
- Area Rugs

2018 Net Drop Explanation
- In 2018, owner incurred a 10% increase in Cost of Goods Sold due to products getting damaged during installations. On these orders, the owners had to eat the sunk cost of having double cost of goods on those installations (about $37,000).

Ways To Increase The Bottom Line
- If a new owner were to do all the installation work in-house, $55,000 would be added back to the bottom line. $55,000 of the $370,000 Cost of Goods Sold figure reflects money paid to Hunter Douglas for installations.
- Owner currently does not work full-time anymore. If a new owner worked full-time, it would be feasible to let a part-time employee go
- Most in the industry pay commission to employees @ 10% of gross sale, however, owner pays 22% of net, which is approximately 12% of gross

Detailed Information

Location:
Bergen County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
N/A
Employees:
4
Facilities:
- 1800 sq ft, with an office and storage area - shared parking lot, with street parking available
Reason for Selling:
Owner wishes to retire
Franchise:
This business is an established franchise
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Steven Chiger

Business Listed By:
Steven Chiger

Octagon Consulting

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