Manufacturer of Custom Storage Solutions For Sale

Franchise terms

Subject to UFOC

Business description

National Brand Leader in the Manufacture & Sale of Organizational
Storage Solution Systems offers a unique opportunity to acquire one of it s
most valuable & prestigious existing franchised territories, New York
(Manhattan, Queens, & Brooklyn). Currently owned by the master
franchisor (based in CA) it is run by a manager. This location grossed just
over $2.8 million in 2007 ($2.5 million in 2006) & although it is early days,
2008 is on track to reach $3.1 million. 2007 net cash flowing to an owner
was $370,264 with 2008 estimated to be in the region of at least $375,000.
This territory, if managed by a dedicated owner should be producing at
least $5 million per annum and more. Average net operating income for
owners nationwide is from 12% to 15% of gross sales. There is virtually
no other territory in the country that has a greater need for managing &
organizing space. The franchise offers a full line of custom designed
closets, garage storage, entertainment centers & home office systems, in
every imaginable finish & style. The company offers tremendous support,
a proven system & business model to follow, in this exciting, growing
sector of the home improvement market. No business is recession proof,
but the term when people don t move, they improve is a valid statement in
this arena. Knowledge of manufacturing is useful, but not essential. There
is an excellent operations manager (and other fine employees) in place.
This business will suit an experienced executive, comfortable with
managing & building a seasoned sales team. This person will enjoy
enormous pride of ownership, the opportunity to build a good business into
a great one, & feel part of a national family of fellow business owners. Net
worth in excess of $1.5 million, of which at least $350K is liquid, would be
an indication of the financial requirements to consummate the purchase.

Property information

Real Estate:

Lease

Location:

Factory/Offices close to main roads

Other information

Expansion potential:

In demographic terms and population level, this territory is equal to three
territories, not just one. Brooklyn has not been developed even close to it's
level of potential, and the initial goal of the new owner should be to set a
goal of $5 million per annum in gross sales

Competition / Market:

This company has one main national competitor of the same level of quality - this company's marketing tools, product selection and range are considered the industry leader

Support & training:

Full training at no charge to start with, and then terrific ongoing support and training from franchisor

Reasons for selling:

Manager has retired, Master franchisor wishes to focus on franchisee support

Trading hours:

Mon to Fri 8 to 5

Financing available:

Pre-approved for SBA financing. In addition, Seller is willing to offer flexible financing to suitable applicants.

Furniture / Fixtures value:

$350,000

Inventory / Stock value:

$22,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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