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Under Contract

Fast Growing Interior Design Company


Boutique_interiors_pic
Listing No: BBF-966-54404  
   
Category :  Interior Design/Dec SIC :  7389  
Detail :  Home Interior Design Price :  2,000,000  
County :  Collier Down :  200,000  
State/Prov :  Florida Disc Earn :  1,045,213  
Country :  USA Sales :  6,084,979  

This residential interior design firm with a beautiful showroom located in the heart of the luxury real estate market in Naples, Florida. This Company has been catering to the Southwest Florida area's high end clients by offering a full suite of professional design services for current or future residential spaces of all types. The Company's award winning team of skilled designers work together with clients from start to finish regarding everything from paint colors to lighting, appliances, cabinets, countertops, flooring and more. The team designs all of the details, including accessories, rugs, window treatments, mirrors, furniture and more. When it comes to furnishings, the Business truly excels, as their designers curate the finest pieces with elegant fabrics and tasteful colors that flow throughout the home.


 

Reason for Sale :  Retirement
General Location :  Naples, FL
Organization Type :  Corp 'Sub S'     Hours Owner Works: 40
  : Years Established: 4  Years Owned:  4  Emp FT:  14  Emp PT:  0  Mgrs:  2
Non Compete :  Miles:  120  Years:  5  Weeks Training:  4  Cost:   $0
Operating dys/hrs :  Monday-Friday 9:00 - 5:00
Skills/Licenses :  Collier County Tax License
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: Y    Should Qualify For Visa: Y

Data Source P/L Statement P/L Statement P/L Statement  
Year (Cash Flow) 2023 (N) 2022 (N) 2021 (N)  
Gross Revenue 6,084,979 4,791,100 2,387,317  
Cost of Goods 3,726,124 2,459,434 1,803,899  
Gross Profit 2,358,855 2,331,666 583,418  
Expenses 1,510,274 1,815,636 773,620  
Net 848,581 516,030 -190,202  
Owner Salary 160,693 160,693 161,077  
Benefits 14,684 14,319 14,513  
Interest Expense 21,255 1,799 4,372  
Depreciation 0 117,309 43,645  
Other 0 0 0  
Discretionary Earnings 1,045,213 810,150 33,405  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 161,219 Y* ___________ 0 N*
F F & E 154,124 Y* Total Assets 315,343 Y*
Leasehold 0 N*
*Included?  

Lease/Month: 10651 Square Footage: 4842 Building Type: Free Standing
Terms & Options: New long-term lease avail Expiration Date: Month to Month now

Lender Pre-Qualified Project Summary

 

Acquisition Costs Down Payment and Financing

 

Purchase Price 2,000,000   Down Payment 200,000
Working Capital 50,000   Loan/Assumable 0
Loan Fees 15,000   Loan/Seller 0
Closing Costs 5,000   Loan/Other 2,069,800
Total 2,070,000   Total 2,269,800

 

 

 

 


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:  2,069,800  Mos: 120  Rate: 10.50  Mo Pmt: 27,928.85  

JOSEPH ALTER Office :  (855) 969-3534  
BROKER Fax :    
  Home :  (239) 849-9334  
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell :  (239) 849-9334  
2640 GOLDEN GATE PARKWAY, SUITE 204        
NAPLES, FLORIDA 34105 Email :  [email protected]  
USA Home Page :  sunbeltofflorida.com  



 



Listed By: Joe Alter

Background information

Reference:

54404

Finance

Sales:

$6,084,979

Profits:

$1,045,680

Profit type:

Discretionary Earnings

Price and terms

Price:

$1,800,000