MergerPlace

Well-Positioned Furniture Showcase Store

Florida (Sarasota)


  • Asking Price: $2,135,000
  • 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

Own a retail furniture store which offers premium quality furniture brands. Located in a prominent community of over 52,000 people. The average family income in the area is $97,630 according to recent census data. The company generates and maintains its large customer base by offering Lifetime Warranties on most products. And provides 'white-glove' service through a well-trained staff.


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: $2,135,000
Gross Revenue: $2,669,535
Cash Flow: $379,920
FF&E: $9,844
Inventory: $220,101
Seller Financing Available: No

Property Information

Facilities:

This store is in a prime location on a U.S. Highway, with an average daily traffic count of 40,500 vehicles. It is surrounded by several malls, strip centers, major restaurants and other furniture stores.

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:

This store is well positioned in the marketplace. It offers high quality furniture, that matches the demographics of its customer base. According to U.S. census data, the average family income in this area is almost $100,000. While others compete on being the lowest price, this company appeals to the 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 @ no cost This store sells high quality furniture for all rooms of the home, including beds. The international brands offered are some of the most respected in the industry. Most products include a Lifetime Warranty. The staff is well-trained. Regular retail business licenses are required.

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Business Listed By:

Mark Purtee

Murphy Business Brokers