Lighting and Lampshades to the Design Trade - $190K+ SDE

Since 1995 this shop has been providing a range of decorative accessories to the Interior Design trade. The products are high end, and many are exclusive to this shop. Seventy percent of the revenue is from stock items while thirty percent are custom items. Sixty five percent of the clients are in Georgia with the remainder from around the Country. There are 2500+  clients in their database, with 700+ clients purchasing product in 2023. Ninety percent of the clients are designers while the remaining ten percent is the retail public. There are 2 FT employees and 1 PT employee in addition to the owner. The business must be relocated from its current location no later than April 30th, 2025. The seller has identified a new location within very close proximity to the current location. The move to the new location will reduce annual overhead by approximately $30,000.00 per year. The projected SDE for the year ending 2024 is expected to approach $250K.  The seller is willing to provide a mutually agreed upon training and transition period.

INVESTMENT HIGHLIGHTS:

• In continuous operation since 1995 with 700+ active clients.
• There are several exclusive products which are in high demand.
• There is currently a highly trained & professional staff in place.
• Very strong social media presence with 12,000+ followers on Instagram.
• 2,000+ email addresses that receive a monthly newsletter.

GROWTH OPPORTUNITIES:

• Currently only 10% of the revenue is direct to the consumer, which can be expanded.
• Less than 1% of the revenue is from online sales which can be grown significantly.
• Offering a design service could drive an additional stream of revenue.