Bathroom/Tile Showroom for sale in NY - 31911

Financing

$500,000 Down and The seller is willing to provide up to $500K in financing at 7% over 24 months. Inventory is Not Included in Asking Price.

Business Description

The owner of this Brooklyn-based Bathroom Fixtures & Tile. Showroom started it from scratch 14 years ago. Now, 60% of his revenues come from six other names under which he sells these products as a highly rated authorized dealer on major e-commerce sites. Most products that are sold from those sites are drop shipped. Both the brick & mortar showroom and e-commerce sides of the business are included in the $600K asking price. The showroom, which accounts for 40% of total sales, contains 2,500 sq ft at street level, with another 1,000 sq ft of gallery space on the second floor. The lease runs for another 5 years. The rent is just $5,000 per month and escalates at only 1% per year. There is also a 4,000 sq ft warehouse in New Jersey, from which everything that is not dropped shipped is stored and then sent out. The $200K in annual owner's discretionary cash flow comes after all business expenses are taken into account. The seller suggests that, besides online e-commerce retailers, there are similar e-commerce growth opportunities. He would now like to do something different after running this business for 14 years, but not before providing you with all the transitional support & training you will need to feel confident running the business yourself. Please do not speak with anyone while visiting the showroom, as the employees and customers do not know it's for sale.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.