MergerPlace

Well-Located Popular Furniture Store

Florida


  • Asking Price: $1,690,000
  • Gross Income: $2,109,621
  • Cash Flow: $299,766
  • Real Estate: Not Disclosed
  • Inventory: $112,456
  • FF&E: $93,672
  • Listing ID: #212656
  • Established: 2005
  • Employees: 1 FT / 3 PT

Business Description

Popular furniture store located in a large, upscale, community. Offering international brands, which include attractive warranties. The store serves as a showcase for customers to order custom pieces, delivered skillfully to their home. The staff is friendly and well trained to serve customers who appreciate fine quality furniture. As a showcase, the business does not require a large inventory. Actually, a deposit is received with each order, which helps cash flow.


Business Details

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

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT / 3 PT

Financial Information

Asking Price: $1,690,000
Gross Revenue: $2,109,621
Cash Flow: $299,766
FF&E: $93,672
Inventory: $112,456
Seller Financing Available: No

Property Information

Facilities:

The store is well-located in the heart of the busy shopping district. Positioned among malls, restaurants and large retailers.

Growth & expansion opportunities:

The location near a vast residential area, insures a large array of customers. The demographic of this area is primarily middle to upper market, which matches the products at this store.

Competition:

According to the U.S. Census data released March 2018, the Median Household Income in this area is 9% higher than the average in the U.S. So stores that focus on low price merchandise are not competition for this business. The customer who appreciates the opportunity to personalize the furniture to match their decor, with fine quality products, is concerned with value more than low price.

Reason for selling:

Owner wishes to retire.

Support & Training:

Will train for 4 weeks @ $0 cost. The store represents a broad line of premium brands that feature furniture for all the rooms of a home, including bedding. The staff is trained to assist customers with selecting the right product and having it customized to their taste. Experience in retail and business acumen would be beneficial for the business. Standard business licenses and tax certificates.

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Business Listed By:

Mark Purtee

Murphy Business Brokers