MergerPlace

Great Retail Furniture & Furnishings

Florida (Palm Beach)


  • Asking Price: $3,750,000
  • Gross Income: $5,510,108
  • Cash Flow: $1,017,144
  • Real Estate: Not Disclosed
  • Inventory: $850,000
  • FF&E: $60,000
  • Listing ID: #200965
  • Established: 1987
  • Employees: FT:9 PT:1 Mgr:3

Business Description

Strategically located, 30+ year established, retail furniture (80%) and home furnishings (20%) business, mostly absentee run, in a demographically desirable area. The surrounding area is in the land clearing phase of a large, high-end housing boom. Long-term staff sells quality products with strong inventory turnover to a growing, repeat and referral customer base. Overall, well-run, well-documented business with upside online and with the local area, high end neighborhood growth. Seller financing and SBA financing!! Please refer to listing number 0101-80849 and advisor Ray Copell when inquiring.


Business Details

Primary Business Category: Retail Trade - Furniture & Home Furnishings
Location: Florida
County: Palm Beach

Company Information

Year Established: 1987
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: FT:9 PT:1 Mgr:3

Financial Information

Asking Price: $3,750,000
Gross Revenue: $5,510,108
Cash Flow: $1,017,144
FF&E: $60,000
Inventory: $850,000
Seller Financing Available: Yes

Property Information

Facilities:

Lease/Month: 44554 Square Footage: 30,000 Building Type: Showroom/Warehouse Terms & Options: Two 5 Year Expiration Date: 4/30/2018

Competition:

Add other locations. Upgrade website to include direct distribution for select vendors. Get more involved. Seller is largely absentee.

Reason for selling:

Retirement

Support & Training:

Seller will train for eight weeks at no additional cost

Contact Business Seller

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Business Listed By:

Raymond Copell

Transworld Business Brokers