#72744MM - Lighting and Fan Retailer, Texas

Business Description:

The Company is a retailer and distributor of light fixtures and ceiling fans. The products are primarily sold directly to custom residential home builders/contractors (85% of revenue) and to retail customers (10%). It operates out of Texas and within one the fastest growing real estate markets in the U.S. The Company conducts very little in the way of traditional marketing, but rather focuses on new custom residential home builders entering its market as well as word-of-mouth advertising. It competes on: 1) excellent pricing; 2) high-end products and product breadth (over 60 suppliers); 3) striking showrooms; 4) outstanding customer service (sales personnel are American Lighting Association certified); and 5) on-time delivery. Furthermore, in 2020, its top customer represented only 9% of revenue, and the Company has a 90% repeat customer rate. Revenue rose from $5.8 million in fiscal 2018 to $7.2 million in fiscal 2020, representing a 20.1% compound annual growth rate. Furthermore, adjusted SDE margins registered 29% in 2020. Also, based on the performance at the six months ended 6/30/2021, revenue is estimated to reach $7.5 million for fiscal 2021 with a repeat of strong profit margins.

Refer to File #72744MM. Please respond with your name, email/mailing address and telephone/fax no. (s) so we may send a confidentiality agreement.

Listing Price :

Gross Revenue: $ 7,850,678

Cash Flow: $ 2,270,727

EBITDA; $ 2,270,727

FF&E: $ 416,772

Inventory: $ 1,044,632

Real Estate:

Included in Sale:

Primary Business Type: Retail, Misc. Home Furnishings

Secondary Business Type: Wholesale Distributing, Durable Goods

Year Established: 1999

Employees: 22FT, 2PT

Support & Training: Negotiable

Reason for Selling:

Office Reference : #72744MM

Contact : Charles Harvey

Email: ae@ibectx.com

Phone: 512-310-2966

Photo - Lighting Fixtures

Photo by Etienne Girardet on Unsplash