Custom Closet & Storage Company – Southwest MI

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.

Listing ID:

MSG-23095330-66

Location:

Southwest Michigan

Type of Business:

Custom Closet and Storage Company

Asking Price:

$111,000 (Plus Inventory)

Gross Revenue:

$375,000

Cash Flow:

$45,000

Inventory:

$7,000

FF&E:

$50,000 (included)

Established:

2019

Employees:

2 FT / 2 PT

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

Broker Contact:

Nichol Garnsay – Main Street Market Maker a division of Advanced Business Advisors, LLC

Direct: 269-363-2015

Fax: 248-564-5259

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. ​Above information is subject to change and/or correction and should not be considered binding.