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Custom Closet & Storage Company – Southwest Michigan
SOLD – This is a fabulous opportunity to hit the ground running with a well-established and successful business. This is an opportunity to be in control of your destiny with all the perks and flexibility of being a small business owner. This unique business is built on a premium service and allows the owner to work on appointment basis to better manage time and control costs. The professional storage industry is expected to significant growth over the next several years.
The business is conveniently located to be able to service a large metropolitan and higher end rural
clientele. The current owner has taken pride in building a stellar reputation and has focused most work on closets. There is plenty of room for expansion in garages, kitchen pantries and other storage areas. The current location provides a top-in-class showroom as well as a workshop and storage for work in progress.
Facilities:
Central location with access to major freeways
Top of class showroom with separate workshop for work in process
Real Estate / Lease Terms:
Current lease through September of 2024 with 2 guaranteed 2-year renewal options
Growth Opportunity:
Adding a focus on garage storage to lead to significant growth, owner feels the business could be doubled with that alone
Additional market segments include office solutions
Swisstrax flooring (sister company to current supplier)
Competition:
Limited competition in the area
Protected territory from supply helps reduce direct
Storage related franchises and big box retailers service a different segment of the market
Support & Training:
New owner would need to attend training from current supplier in AZ, with support for CAD Design, and physical installation training
Seller willing to provide support and additional training to create a smooth transition
Reason for Selling:
Life change and retirement, but only after the seller has found the right fit new owner to take over the reins
Listing ID:
MSG-23095330-66
Gross Revenue:
$375,000
FF&E:
$50,000 (included
Location:
Southwest Michigan
Cash Flow:
$45,000
Established:
2019
Type of Business:
Custom Closet and Storage Company
Asking Price:
$111,000 (Plus Inventory)
Employees:
2 FT / 2 PT
