Buying a $1.6m Business for the Inventory Value

You know, the huge kudos to the prior owner because she really set this team up so. So well. There is a design manager who you could essentially say is, you know, key man risk. The design manager is very, very talented and what he does, he really oversees the design and has really leveled up our stagers and designers.

There's. There's three stagers, there's a design manager, and then we have two support staff that we've hired underneath the designers to just help support the workflow. And between the four of them, the design manager and the three stagers, they are just fantastic. They're owning it. They. They understand the design.

It's kind of like project management. We get a contract and you hand it off to the lead stage early designer, and they source sometimes if we don't have the inventory through our wholesale vendors. I've trained them on that whole process.

I've given them kind of budgets to follow and timelines and. Or they just pull from our warehouse if we have good enough inventory, and then we have a whole team of logistics in the warehouse. And there, you know, are.

There are guys that help us with all the moving, the heavy lifting of the furniture, loading it into trucks and unloading it at the homes and installing the beds and installing the tables and all that good stuff. So there's the logistics team are the ones who pick stuff off, load the trucks from the warehouse, and then also do the moving, installation, and then take down the staging as well and…

And it's all hands on deck at a stage. I mean, we have our whole design team typically there and our logistics crew. So there's a team of 10 usually and a home.

And that's why we're so quick. We can get a home stage now and in six hours. So we're in and out.

It looks fabulous. And then our clients can get photos and get it listed. Very cool. You had talked about the World Market in Vegas, that the previous owner took you there. What is World Market?

It's a. It's an. It's like an industry event where you go and buy this stuff, buy kind of home furnishings. What is World Market? Yeah, World Market is a big conference center in Las Vegas.

It's full of three buildings, like 48 levels of floors. And it happens once a year or twice a year there in January and in July. And it's just full of, it's, you know, it attracts interior designers, stagers worldwide.

And that's where you kind of meet the vendors and get to check out the quality of furniture, understand pricing. And that's kind of like your strategic, you know, advantage on who you're sourcing through and how you're keeping your profit.