MergerPlace

Well-Located Popular Furniture Store

Florida


  • Asking Price: $1,970,000
  • 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

Own a retail furniture store which offers premium quality furniture brands. Located in a community of over 125,000 people within 6 miles of the store. And the area is one of the fastest growing communities in the U.S. The company generates and maintains its large customer base by offering lifetime warranties on most products. And provides 'white-glove' delivery service. Including custom orders delivered quickly.


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: $1,970,000
Gross Revenue: $2,109,621
Cash Flow: $299,766
FF&E: $93,672
Inventory: $112,456
Seller Financing Available: No

Property Information

Facilities:

This store is in a prime location on a U.S. Highway. It is surrounded by several malls, strip centers, all the major restaurants and large retailers. In short, it is in the heart of the major shopping district for the area.

Growth & expansion opportunities:

This location is one of three locations being offered by the same owner. Its 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:

This store is well positioned in the marketplace. It offers high quality furniture, that matches the demographics of its customers. 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. While others compete on being the lowest price, this company appeals to people who appreciate long lasting quality and beauty. The quality is confirmed with the Lifetime Warranty offered on most products. Customers who appreciate quality, know these brands and enjoy service from a well trained staff.

Reason for selling:

Owner wishes to retire.

Support & Training:

Will train for 4 weeks @ $0 cost.

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Business Listed By:

Mark Purtee

Murphy Business Brokers