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Listed by:

ABI Business Sales

Broker license number: 01949381

Wholesale And Retail Lighting In California North For Sale

California - North
Asking Price:
$775,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,159,991 (USD)
Cash Flow:
$262,296 (USD)

The company is a wholesale-retail-commercial lighting supplier located in the East Bay. The company was established by the current owners over 33 years ago. Since that time the company has grown their product line and have earned the reputation for having hard to find items as well as providing creative solutions for their customers. Products offered range from commercial/industrial grade lighting to museum grade and residential lighting.

This is not a 'Lamps Plus' type of business. The Main customers are the commercial/construction, industrial, and B2B companies. A good buyer for this business would be someone with managerial experience and basic electrical knowledge. A 'plus' would be someone who enjoys the more technical aspects of designing lighting solutions, although an employee with this skill would suffice.

Property information

Real Estate:

Lease

Lease Terms:

Lease amount is $2,617/month (includes NNN).
2-year agreement with 2-year option.
Current lease expires May 31st 2019.

Leasehold Rent:

$2,617 (USD) per annum

Location:

Located in an industrial area, the business operates out of a 5,000 sq. foot warehouse with plenty of parking.

Premises Details:

5,000 sq. foot warehouse with plenty of parking.

Business Operation

Expansion Potential:

More online marketing could raise customer awareness and increase sales.

Competition / Market:

Main competition comes from four direct sources – other Wholesale lighting & Electrical distributors, Retail lighting stores, any big box hardware store (Home Depot, Lowe's, etc.) and various online ordering websites, such as Amazon.

Reasons for selling:

Retirement.

Trading hours:

Mon-Fri 8:00a-5:00p

Employees:
6 FT
Years established:
1984

Other Information

Support & training:

The current owners will provide a reasonable training period included in the purchase price to ensure an orderly transfer of possession. A new owner should have, at a minimum, general business and/or managerial experience and an understanding of what it takes to provide excellent customer service. Background in electrical engineering and design is a plus.

Furniture / Fixtures value:
$34,765 (USD) - included in the asking price
Inventory / Stock value:
$79,279 (USD) - included in the asking price

Contact Information

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