MergerPlace

Showcase Furniture Store

Florida (Sarasota)


  • Asking Price: $1,950,000
  • Gross Income: $2,669,535
  • Cash Flow: $379,920
  • Real Estate: Not Disclosed
  • Inventory: $220,101
  • FF&E: $9,844
  • Listing ID: #213644
  • Established: 2014
  • Employees: 2 FT

Business Description

A Showcase furniture store. Virtually all orders are customized pieces, meaning owner does not need to maintain a large inventory. A deposit is collected at the time of an order, which is a benefit concerning cash flow. The store features premium international brands. The business offers delivery service and long term warranties. The company has a large, loyal customer base in this affluent community.


Business Details

Primary Business Category: Manufacturing - Furniture, Fixtures & Related Products
Location: Florida
County: Sarasota

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT

Financial Information

Asking Price: $1,950,000
Gross Revenue: $2,669,535
Cash Flow: $379,920
FF&E: $9,844
Inventory: $220,101
Seller Financing Available: No

Property Information

Facilities:

The location is surrounded by several malls, shopping centers and other furniture stores. Traffic counts are high and allows customers to easily find the store. Immediate competition located nearby helps attract shoppers, yet the competitors offer low-end, economical furniture.

Growth & expansion opportunities:

This location is one of three locations being offered by the same owner. The demographics of this area is primarily middle to upper market, which matches the products at this store.

Competition:

With this prime location, a selection of premium products and a well-trained staff, this store simply needs to have more promotion to invite customers to come experience the pleasure of selecting and customizing your purchase.

Reason for selling:

Owner wishes to retire.

Support & Training:

Will train for 4 weeks @ no cost This store offers well-respected international brands of furniture, for every room in the house, including bedding.

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Business Listed By:

Mark Purtee

Murphy Business Brokers