MergerPlace

Brand Name Furniture Store

Florida (Pinellas)


  • Asking Price: $126,000
  • Gross Income: $239,962
  • Cash Flow: $49,030
  • Real Estate: Not Disclosed
  • Inventory: $34,440
  • FF&E: $5,000
  • Listing ID: #205134
  • Established: 2014
  • Employees: 1 FT

Business Description

This is a well located furniture store featuring name brand furniture for every room. Offering a respected well-known furniture line, at a discount. Rather than maintaining a large inventory, the majority of sales are custom orders placed with a 50% deposit, delivered within a week. This provides; additional savings, cash flow and prompt payments.


Business Details

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

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT

Financial Information

Asking Price: $126,000
Gross Revenue: $239,962
Cash Flow: $49,030
FF&E: $5,000
Inventory: $34,440
Seller Financing Available: Yes

Property Information

Facilities:

The store is located near a busy intersection in St. Petersburg. The store is in a stand-alone building, offering potential for customizing the appearance. Plenty of free parking. Several other shopping centers and retail stores are in this immediate area.

Growth & expansion opportunities:

The store offers the complete line of brand name furniture for every room, at a discount to the consumer. More could be done with additional promotions to drive traffic to the store and the website.

Competition:

Furniture remains a product many consumers prefer to see and touch before purchasing. Because of this store's low overhead, it can compete with online pricing. And this store has a vibrant website generating sales. The store also offers delivery, utilizing a professional 3rd party.

Reason for selling:

Owner has other business interests.

Support & Training:

Will train for 4 weeks @ no cost. A retail furniture store offering furniture for every room in the house. This is quality name brand furniture. Requires basic retail business knowledge, customer service and inventory control skills.

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Business Listed By:

Mark Purtee

Murphy Business Brokers