This young company is one of two authorized dealers with a full patented permanent home lighting product in the affluent areas in the Houston Metro area. The business has the exclusive right to sell and install original equipment from the manufacturer. The territory is very desirable and expected to have significant growth in sales. The business has been doing installs since June of 2017 and has demonstrated both profitability and month-over-month growth in sales. This unique company experiences a seasonal lift during the holidays, but also has consistent sales during other months of the year as the product is fully customizable
The current owner started the company in addition to working a full-time job and the ownership duties were taking more time than he was able to devote. The Seller ran it for three years before selling. The new owner can step into the business with a seasoned installation team and take over the current owner’s functions.
The Buyer is his first leap into entrepreneurship and will run the company full time. He used an SBA loan to purchase the company with a 15% down payment.
Chris Adkins listed the business and sold it.