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Garage Storage Systems - Houston Area
This company is part of a national network of locally owned and insured Gorgeous Garage dealerships. They sell and installs leading garage enhancement products including the Monkey Bars Garage Storage Systems, storage racks, shelving, cabinets, hooks & hangers, workbenches, and epoxy & tile flooring. They use a 3 D design software to draw garage interior designs. Typical jobs range from $1,500 to over $10,000. The company does 10 to 12 new project each month. Customers include residential home owners, custom builders, and some commercial accounts. The owner will train and provide seller financing.
Listed By: Jeffrey Jones
Background information
Reference:
82490
Year established:
2013
Reason selling:
To have more time to manage other owned businesses
Finance
Sales:
$645,499
Profits:
$80,000
Profit type:
Discretionary Earnings
Operations
Employees:
Sales Director, Project Manager, 3 Installers, and Office Manager
Equipment:
3 trucks, fork lift, storage racks, small hand tools, and office furniture.
Inventory:
$31,000 which includes products and related parts.
Furniture fixtures and equipment:
See List in Profile
Premises
Facility:
This business operates from a business park with several other businesses owned by the same owner.
Square footage:
3,000
Rent and lease terms:
New sublease at $4,500 P/M or move to new location.
Location:
Southwest Houston Area
Opportunities
Market:
Houston Metro Area
Price and terms
Price:
$200,000
Down payment:
$70,000
Financing:
$70,000 Cash Down and Seller Financing for $130,000 for 5 years at 6% interest = $2,513.26 P/M.
Training:
As needed