40 Year Old Home Decorating Business For Sale in Fort Myers, FL

Seller Financing Available

HS Listing ID-63548

Asking Price: $699,999

Annual Figures: 2023

Gross Sales: $634,739

Net Profit: $328,460

Expenses: 2023

Total COGS: $230,102


Business Highlights:

- In business for 40 years

- Services mainly Ft Myers, Naples, Marco Island. High end clients

- Projected to do $750,000 in 2024

- Perfect for someone that is in this industry and wants to takeover these repeat accounts

- Does not have physical location. Works from home.

- They have 3 employees and 1 office personnel, but only 1 employee would come with the business. She is a seamstress (35-40 hours a week at $20 an hour)

- Custom home furnishings (Drapes, blinds, bedding, pillows). They do the fabrication.

- Mostly repeat customers and referrals. Some business comes from website and Google

- Retail 25% and wholesale 75% sales

- Busy all year long. No slow season

- 2021 Van could be included in the sale (worth 50K)

- 10 machines will come with the sale (100K value)

- Fully approved by SBA lender

- Owner will stay on for a transition period to ensure a smooth transition

- Some seller financing is available

- Reason for the sale: Owner is retiring

2023 Addbacks:

Total Automobile: $16,521

Total Insurance (auto & health): $30,912

Total Interest Expense: $6,490

Total Meals and Entertainment: $23,997

(condo): $33,440

Payroll Expenses (owners salary): $39,000

Total telephone expense: $5,241

Model T (Other company expense): $3,691

Dues and Subscriptions: $2,455

Escrow Peace (Owners property): $11,331

941 Tax (Owners tax): $9,867

Uniforms (Owners): $3,442

= $186,387

NOI: $142,073

+ addbacks ($186,387)

= True Net Income $328,460

Roughly around $100,000 cash for 2023 (Used for employee pay)


2022 Addbacks:

Total Automobile: $20,605
Total Insurance (auto and health): $21,467

Total Interest Expense: $7,316

Total Meals and Entertainment: $15,465

Paseo Expenses: $20,880

Payroll Expense (owners salary): $65,650

Total Telephone Expense: $4,848

Model T (Other company expense): $3,203

Donations: $4,010

Dues and Subscriptions: $2,434

Escrow Peace (Owners property): $7,352

941 Tax (Owners tax): $19,076

Real Estate Paseo (Owners property): $5,811

Uniforms (Owners): $5,988

= $204,105

NOI: $90,729

+ addbacks ($204,105) - rental income ($10,985)

= True Net Income $283,849

Roughly around $100,000 cash for 2023 (Used for employee pay)