MergerPlace

Furniture Liquidators w/ Four Locations

Florida (Pinellas)


  • Asking Price: $2,350,000
  • Gross Income: $1,730,401
  • Cash Flow: $636,779
  • Real Estate: Not Disclosed
  • Inventory: $200,000
  • FF&E: $50,000
  • Listing ID: #226916
  • Established: 2012
  • Employees: 12

Business Description

Unique opportunity with extremely high-profit margins and has been deemed an essential business. The 2020 financials were a record year. The company has 2 aspects, hotel liquidating and then the resale of used furniture and all types of decor. The liquidation aspect is typically the clearing out of all the rooms in hotels, motels, and timeshare locations. Often there is no cost, of very low cost for the items. The products are then brought to his 4 locations and sold. Buyers of the products are typically other smaller hotels and time-share units but also has walk-in customers that just purchase a couple of items. This could be a great opportunity to either create a franchise or licensing agreement to take it nationally. Please refer to listing 3353-512600, Agent Joe Nicolini when inquiring about this listing. Thank you!


Business Details

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

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 12

Financial Information

Asking Price: $2,350,000
Gross Revenue: $1,730,401
Cash Flow: $636,779
FF&E: $50,000
Inventory: $200,000
Seller Financing Available: Yes

Property Information

Facilities:

Lease/Month: 34000 Square Footage: 49300 Building Type: mixed Terms & Options: open Expiration Date: 12/31/2022

Growth & expansion opportunities:

Endless growth opportunity by reaching out to other hotel and time-share companies as well as expanding out of state

Competition:

Non Compete: Miles: 250 Years: 5 There is no other company doing this type of liquidation in Florida

Reason for selling:

Different Venture

Contact Business Seller

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Business Listed By:

Joseph Nicolini

Transworld Business Brokers of Central Florida