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Established Wholesale Lighting Distributor


Listing No: BBF-966-06144  
   
Category :  Electronics/Computer SIC :  5731  
Detail :  Electronic Equipment Sale Price :  0  
County :  Collier Down :  0  
State/Prov :  Florida Adj Net :  120,298  
Country :  USA Sales :  191,347  

This lighting wholesale company has been operating for the same owner for 33 years. Business has a reputation of honesty and integrity within the community. This business has many repeat customers from Condo Associations, Apartment Managers and Developers. This is an owner-operator business with tremendous opportunity for growth. The vast majority of this businesses revenue is business to business with repeat customers. Located in an extremely busy corporate park with lots of traffic from other business owners. This business focuses on everything light bulb from flooding, indoor/outdoor, exit lighting and more. Sales comes from contracts with Condo Associations, Apartments and walk-in business. Over 40% of sales come from walk in business while 60% of sales come from outside sales/email orders.


Reason for Sale :  Retirement
General Location :  S.W. Florida
Organization Type :  Corp 'Sub S'     Hours Owner Works: 40
  : Years Established: 33  Years Owned:  33  Emp FT:  0  Emp PT:  2  Mgrs:  0
Non Compete :  Miles:  100  Years:  5  Weeks Training:  2  Cost:   $0
Operating dys/hrs :  M-F 9am-4pm
Skills/Licenses :  None
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    Should Qualify For Visa: N

Data Source P/L Statement P/L Statement P/L Statement  
Year (Cash Flow) 2018 (N) 2017 (N) 2016 (N)  
Gross Revenue 191,347 222,973 253,806  
Cost of Goods 59,113 163,421 148,070  
Gross Profit 132,234 59,552 105,736  
Expenses 32,793 65,073 87,557  
Net 99,441 -5,521 18,179  
Owner Salary 8,374 17,765 33,477  
Benefits 0 0 0  
Interest Expense 960 0 0  
Depreciation 0 0 0  
Other 11,523 16,205 22,354  
Owner Benefit 120,298 28,449 74,010  

 

Accounts Rec 12,730 N* Real Estate 0 N*
Inventory 40,000 Y* ___________ 0 N*
F F & E 5,000 Y* Total Assets 45,000 Y*
Leasehold 0 N*
*Included?  

Lease/Month: 1200 Square Footage: Building Type: Corporate Park
Terms & Options: 10 Yr Extension Available Expiration Date: 11/28/2019

Loan/Assumable - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Seller - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Other - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  

JASON BROOKS Office :  (239) 849-9334  
ASSOCIATE Fax :  (866) 985-8735  
  Home :    
SUNBELT BUSINESS BROKERS NAPLES & FT. MYERS Cell :  (239) 357-7073  
3510 KRAFT ROAD        
NAPLES, FLORIDA 34109 Email :  [email protected]  
USA Home Page :  www.sunbeltnetwork.com/naples-fl  

 




Background information

Reference:

NAPFL001-N44

Price and terms

Price:

$175,000

Down payment:

$175,000