MergerPlace

Furniture Restoration & Sales Vendor

Florida (Pinellas)


  • Asking Price: $29,900
  • Gross Income: $537,197
  • Cash Flow: $62,806
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $2,000
  • Listing ID: #211105
  • Established: 2013
  • Employees: 1 FT / 10 PT

Business Description

Highly motivated seller needs to retire to care for aging parent willing to sell an established modern artisan boutique (vendor mall) in Tampa Bay area that sells vintage furniture/decor products grossing over $500,000 a year with SDE of $62,000. Over 30 talented artisans rent space in a 3600 sq. foot store to sell their wares. Owner receives rent from vendors (in excess of overall monthly rent) and is paid commission on everything sold in the store. Owner reserves space to sell own creations and specialty product line. Store sells one-of-a kind rustic, coastal shabby chic, repurposed and one-of-a-kind artistic pieces. This is a great opportunity for a new owner to increase profit margins by selling their own products in addition to vendor lines. Store is well known and has nice curbside appeal.


Business Details

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

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT / 10 PT

Financial Information

Asking Price: $29,900
Gross Revenue: $537,197
Cash Flow: $62,806
FF&E: $2,000
Inventory: $10,000
Seller Financing Available: No

Property Information

Facilities:

3600 sq. foot building in upscale strip mall.

Growth & expansion opportunities:

A great opportunity for a new owner who is crafty and likes to restore, build, or re-purpose furniture and home decor.

Competition:

Retail home goods stores (Home Goods, Kirklands).

Reason for selling:

Seller is retiring and needs to take care of aging parent.

Support & Training:

Will train for 1 week @ $0 cost. New owner(s) can increase revenues by expanding their own product line and by taking on consignment sales, offering workshops and selling products online.

Contact Business Seller

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Business Listed By:

Whitney Rauh

Murphy Business Brokers