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Chandelier Lighting Business
This business specializes in the sale and service of custom crystal chandeliers and related parts and accessories. Approximately 60% of the sales are retail customers and 40% is for commercial accounts such as hotels, churches, and office buildings. They also do special design chandeliers that are made with the customers' specific requirements, any size and style. The company has the largest showroom and inventory in the Houston Metro area. The inventory consist of crystal chandeliers, alabaster chandeliers, pendants, flush mount lighting, wall sconces, table lamps, floor lamps, crystal spot lights, and related parts. The owner died last year and his family has been operating the business on a part-time basis. The is located in a business park on the Southwest Frwy. with ample parking. The shop has a large showroom, office, and shop area. The business has inventory of over $500,000 at cost, but is included in the selling price at $207,000. A long term lease of the property is available or the inventory could be moved to another location. There is a contractor who will stay with the business and has experience in assembling and installing chandeliers. The owner is now willing to provide Seller Financing for a qualified buyer.
Listed By: Jeffrey Jones
Background information
Reference:
82513
Year established:
1989
Reason selling:
Death of owner
Finance
Sales:
$180,000
Profits:
$52,950
Profit type:
Discretionary Earnings
Operations
Employees:
The company uses contract labor to assemble and install chandeliers.
Equipment:
See list in file
Inventory:
Inventory on hand is estimated to be approximately $500,000 at cost, but all of it is included in the purchase price.
Furniture fixtures and equipment:
Includes a 211 GMC Box Truck, Forklift, office furniture, shelving, tables, and display racks.
Premises
Facility:
The business is located in a business park fronting on a major freeway. The space consist of a retail show room, an assembly work room, and warehouse.
Square footage:
3,300 Showroom
Rent and lease terms:
$6,600 Gross P/M A new lease is available..
Location:
Southwest Houston
Price and terms
Price:
$150,000
Down payment:
$75,000
Financing:
$150,000 Sales Price. Seller Financing with $75,000 cash down and Seller Note for $75,000 at 6% for 5 yrs. = $1,449.96 per month.
Training:
As needed