Ad ID: 1504939
Type: Established business
Category: Retail – Miscellaneous Retail
Category: Services – Other Business Services
Included in the Asking Price:
Cash Flow: $462,883
This is a great opportunity to acquire a wholesale/distribution electrical lighting company that has provided Northern Nevada with energy efficient LED lighting for over a decade. They have a great client base in multiple industries, including wholesale, commercial, industrial, and residential with an outstanding reputation in the industry. They offer a wide selection of electrical lighting products (traditional lamps, LED bulbs, LED Drivers, ballasts, transformers, motion sensors, and photocells) and have on-site vast inventory to supply contractors and customers with their immediate needs. They have provided lighting solutions for a multitude of high level projects, including casinos, hotels, gas stations, restaurants, warehouses, and government buildings. One of the greatest benefits of owning this business is the recurring revenue through referrals. Nearly 80% of revenues occur through established working relationships with contractors and their continuous referrals to other contractors. This business is turn-key, with staffing levels set so that the business can run smoothly without much supervision. An excellent website is in place, and on-line sales are growing locally as well as nationally. A motivated Buyer could easily capitalize on growth opportunities and expand this company. As it is, a Buyer will step in an immediately enjoy continued growth and profitability. Don’t miss this unique opportunity to own a quality, reputable business with a bright future!
Year Established: 2007
Facilities: An 18,000 sf leased building, which is easy to access and offers ample parking.
Competition: This business rises above the competition by offering and stocking a diverse selection of quality and innovative lighting products. Competitive pricing, experienced employees, and an excellent reputation in the industry make it the go-to company for everyone’s lighting needs.
Growth and Expansion: Rebates and incentives offered to businesses by the local energy company for conversion to energy-efficient LED lighting will keep the demand for LED lighting products high for years to come. Targeting property management companies and contractors in the area with a rewards program will establish new, long-term client relationships. Additionally, there’s a niche to be filled for horticultural growing lights in Nevada as the cannabis industry takes off. There is also plenty of room to continue year-over-year growth just by running the operation as it is currently running.
About the Sale
Financing: All cash or terms acceptable to seller
Support/Training: One month. Seller is committed to Buyer’s success.
Reason Selling: Retirement