Established Home Decorating Company For Sale in St Lucie County

HS Listing ID-62684

Asking Price: $399,999

Annual Figures: 2023

Gross Sales: $615,696

Net Profit: $156,055

Expenses: 2023

Cost of Goods Sold: $236,813

Advertising and Promotion: $16,199

Rent: $78,113

Business Highlights:

- Company in business since 2018

- Great reviews online

- 20% - 25% average net margins each year

- 2 owners are the only employees. Subcontractors for installations.

- Most of the sales are blinds, shades, and shutters (Hunter Douglas)

- Sales also includes fabrics, upholstery, bedding, pillows,

- Triple net lease at $6,500 a month with 2 years left + 5 year option

- 1500 sqft space

- Jobs come from Google, social media, magazine, and newspaper

- They do not keep inventory in stock.

- Completely turn key

- Desks, computers, displays included (Valued around 100K)

- 2020 Dodge Ram Van low miles included (Valued at 25K)

- Projected to do 500K-550K in sales for 2024

- No seller financing available

- SBA fully approved

- Owners are retiring

2023 Addbacks
Pension Employer Portion: $5,000 (money towards retirement)
Meals and Entertainment: $4,718
Owner’s salaries: $129,000

= $138,817

NOI on 2023 P&L: $17,337 + addbacks $138,718
= $156,055 True Net for 2023

2022 Addbacks
Pension Employer Portion: $5,000 (money towards retirement)
Meals and Entertainment: $6,186
Owner’s salaries: $133,000

= $144,186

NOI on 2022 P&L: $14,422 + addbacks $144,186
= $158,508 True Net for 2022

2021 Addbacks
Pension employer Portion: $43,749
Interest: $5,893

Meals and Entertainment: $3,187
Owner’s salaries: $145,500
= $198,329

NOI on 2021 P&L: $139,703 + addbacks $198,329
= $338,032 True Net for 2023