Independent Specialty Home Decor Store
Retail / 745 views
IBA is offering a chain of specialty home decor stores. They offer a much-needed product to customers. These products are part of the last steps in home building or remodeling. As such, they are critical to creating the right look. The company works with commercial and residential customers. In fact, commercial customers are about 60% of their business.
Yes, similar items are in big box stores or online. It’s important to realize that the stores provide more than just products. Their true strength is in providing excellent service. It starts by going over the customer’s needs. Then finding the right items. Finally, they give exceptional after-the-sale care. This includes installation, repairs, and warranty work. Customers shop here for replacement parts and hard-to-find items too. Caring, knowledgeable employees make it possible.
These specialty home decor stores are in busy shopping areas. Each location is on high traffic, major road. Traffic volumes range from over 23,000 to 35,000 vehicles daily. New customers come in because of visible signage. The Sellers own the buildings and real estate for each store. They are willing to sell the real estate at fair market value or lease it for negotiated terms.
After 40-plus years of success, these specialty stores can still grow! Here are some ways to grow the business. For example:
- Extend current business hours
- Use an outside sales rep
- Increase social media use
- Add a delivery department for same-day delivery
- Add-on complimentary departments
The stores are a great foundation to build a larger business. They are turn-key ready including staff, vendors, and customers.
These specialty home decor stores provide a new market for a purchaser to tap into. As an owner/operator with vision, drive, and a strong work ethic, build on this solid foundation. Adding the stores creates a one-stop shop for an existing business. The ideal new owner is in a synergistic business. Don’t miss out on this opportunity!
Due to the unique nature of the business and the variety of acquisition structures that the Seller is willing to entertain, it is assumed that the Purchaser and/or Purchaser’s advisor (s), will possess sufficient financial sophistication to determine the value and submit an offer to purchase.
For more information on the process of buying a business, click here.